Pronghorn Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2017. PRONGHORN DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash $11,650 Accounts Receivable 22,150 Supplies 5,650 Prepaid Insurance 3,150 Equipment 60,650 Accumulated Depreciation-Equipment $35,650 Accounts Payable 5,650 Interest Payable 216 Notes Payable 7,200 Unearned Service Revenue 6,250 Salaries and Wages Payable 1,480 Common Stock 10,650 Retained Earnings 4,150 Service Revenue 62,150 Salaries and Wages Expense 11,950 Insurance Expense 1,030 Interest Expense 216 Depreciation Expense 9,200 Supplies Expenses 3,400 Rent Expense 4,350 $133,396 $133,396 Prepare an income statement for the year ending December 31, 2017. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PRONGHORN DESIGN Income Statement $ $ $ Show List of Accounts Link to Text Link to Text Prepare a statement of retained earnings for the year ending December 31, 2017. (List items that increase retained earnings first.) PRONGHORN DESIGN Statement of Retained Earnings $ : $ Show List of Accounts Link to Text Link to Text Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.) PRONGHORN DESIGN Balance Sheet Assets $ $ : $ Liabilities and Stockholders' Equity $ $ $ Show List of Accounts Link to Text Link to Text Answer the following questions. (Round interest rate to 0 decimal places, e.g. 5%.) (1) If the note has been outstanding 6 months, what is the annual interest rate on that note? (Hint: Assume that the amount of interest payable in the trial balance relates to the note payable in the trial balance.) The annual interest rate % (2) If the company paid $17,500 in salaries and wages in 2017, what was the balance in Salaries and Wages Payable on December 31, 2016? The balance in Salaries and Wages Payable $