Presented here are the accounts of Gale City Answering Service for the year ended December 31, 2018. (Click the icon to view the accounts.) Net Income 1018 Requirement 2. Prepare the statement of retained earnings. S 83,400 Data Table Requirements 1. 2. Prepare Gate City Answering Service's income statement. Prepare the statement of retained earnings. 3. Prepare the balance sheet Gate City Answering Service Statement of Retained Earnings Year Ended December 31, 2018 Retained Eamings, Dec. 31, 2017 $ Net income for the year 49,000 83,400 Land Noles Payable Property Tax Expense $ 6,000 31,000 3,300 Common Stock Accounts Payable S 29,000 13,000 Accounts Receivable 1,600 132,400 Dividends 27,000 Advertising Expense 19,000 Dividends (27,000) Rent Expense 16,000 Building 143,500 Salaries Expense $ 105,400 69,000 Cash 4,000 Retained Eamings, Dec. 31, 2018 Salaries Payable 700 Equipment 12,000 Requirement 3. Prepare the balance sheet (If a box is not used in the table leave the box empty; do not select a label or en Service Revenue 200,000 Insurance Expense 2,200 Office Supplies 12,000 Interest Expense 7,100 Retained Earnings, Dec. 31, 2017 49,000 Assets Liabilities Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. Print Done