Required: 1. Prepare the income statement for the year ended December 31, Year 1 . 2. Prepare the statement of retained earnings for the year ended December 31 , Year 1. 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31 , Year 1 . 1. Prepare the income statement for the year ended December 31 , Year 1. 2. Prepare the statement of retained earnings for the year ended December 31 , Year 1 . 3. Prepare the balance sheet for the year ended December 31 , Year 1. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31 , Year 1. 1. Prepare the income statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31 , Year 1 . 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31 , Year 1. Prepare the balance sheet for the year ended December 31 , Year 1