Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense $ 19,000 Accumulated depreciation-Buildings 3,300 Accounts receivable Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue Income Statement 660 Utilities expense 5,500 Interest payable 1,200 Unearned revenue 26,000 Supplies expense 8,300 Buildings 2,600 Dividends Complete this question by entering your answers in the tabs below. 18,000 Depreciation expense-Buildings 60,000 Supplies Retained earnings Expenses Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $54,800 on December 31 of the prior year. Total expenses Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Statement of Retained Balance Sheet Earnings $ 23,000 5,600 2,100 420 1,200 360 120,000 7,000 5,000 1,200 54,800