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Pratt Corp. started the Year $2$ accounting period with total assets of $$30,000$ cash, $$12,000$ of liabilities, and $$5,000$ of retained earnings. During the Year $2$ accounting period, the Retained Earnings account increased by $$7,550.$ The bookkeeper reported that Pratt paid cash expenses of $$26,000$ and paid a $$2,000$ cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $$3,000$ cash to reduce the liability owed to a bank, and the business acquired $$4,000$ of additional cash from the issue of common stock. Assume all transactions are cash transactions.

Required

a$.$ Prepare the Year $2$ income statement.