Q:2 Cash 250,000$ Inventory 37,800$ Service Revenue 285,000$ Rent Expense 36,000$ Office Supplies 700$ Salaries Expense 1500$ Depreciation Expense 2500$ Dividends 40,000$ Supplies Expense 1000$ Common Stock 200,000$ Equipment 137,500$ Account payable 25,000$ Instructions: A: Prepare the Income Statement and Retained Earnings B: Calculate the Assets column, equity and labilities?