Required information Problem 1.33A (Algo) Interrelationships among financial statements LO 1.5, 1-7, 1.8 [The following information applles to the questions displayed below.] Pratt Corporation started the Year 2 accounting perlod with total assets of $35,000 cash, $14,500 of llabinfies and $10,000 of retained earnings. During the Year 2 accounting period, the Retained Eamings account increased by 52.550 The bookkeeper reported that Pratt paid cash expenses of $28,500 and paid a $2,500 cash dividend to stuckhelbers bst she could not find a record of the amount of cash revenue that Pratt recelved for peiforming services. Pratt also pait $8,000 cash to reduce the liablity owed to a bank, and the business acquired $8,000 of additionat cash trom the sise common stock. Assume all transactions are cash transactions. Problem 1-33A (Algo) Part a Required a. Prepare the Year 2 income statement