Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 provide services to custorers, $58,00e, of which $20,800 is on account. 2. May 2 collect on accounts receivable, $17,800. 3. June 3e Issue shares of common stock in exchange for 54,000 cash. 4. August 1 Pay salaries of $6,6ee from 2020 (prior year). 5. Septenter 25 Pay repairs and maintenance expenses, 812,800 . 7. December 30 Pay $1,200 cash dividends to stockholders. 8-a. Prepare the income statement for the year ended December 31, 2021