Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018. EEE (Click the icon to view the accounts.) Golden City Barbershop Income Statement. Year Ended December 31, 2018 Revenue $ 192,000 Expenses S Service Revenue Property Tax expense Rent Expense Salaries Expense Advertising Expense Insurance Expense Interest Expense 3,200 11,000 66.000 20,000 2,400 8,900 Total Expenses 109,500 82,500 Net Income Requirement 2. Prepare the statement of retained earnings. (Check your spelling carefully and do not abbreviate.) Golden City Barbershop Statement of Retained Earnings Year Ended December 31, 2018 Retained Eamings, Dec. 31, 2017 $ 50,000 Net Income Dividends Retained Earnings, Dec. 31, 2018 00 192000 (31,000) Requirements 1. 2. 3. Prepare Golden City's Barbershop's income statement. Prepare the statement of retained earnings. Prepare the balance sheet. $ Data Table: Land Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2017 7,000 28,000 3.200 31,000 11.000 66,000 1.200 192.000 14,000 50,000 Print Common Stock Accounts Payable Accounts Receivable Advertising Expense Building Cash Equipment Insurance Expense Interest Expense Dane $ - X 31.000 12,000 1.600 20,000 131,100 4,000 16.000 2.400 6,900