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Question $1$

Question $2$

Question $3$

Income Statement

$\backslash$table$[[\backslash$table$[[$River Design Studio$],[$Income Statement$]]],[$Revenues:$],[$Service Revenue,,$$,179,800],[$Expenses:$],[$Salaries Expense,$$,63,000,],[$Rent Expense,,$22,000,],[$Utilities Expense,,$7,100,],[$Miscellaneous Expense,,$4,400,],[$Property Tax Expense,,$2,000,],[$Total Expenses,,,$98,500],[$Net Income,,$$,81,300]]$

The assets, liabilities, and equities of River Design Studio have the following balances at December $31,2025.$ The Retained Earnings was $$37,000$ at the beginning of the year. At year end, C Stock was $$18,000$ and Dividends were $$51,000.$

View the account balances. View the income statement. View the statement of retained earnings.

Prepare the balance sheet for River Design Studio as of December $31,2025.($If an input field is not used in the table leave the $q,$

Account Balances

$\backslash$table$[[$Notes Payable,$