Requirement 1. Prepare Gate City Answering Service's income statement. Gate City Answering Service Income Statement Year Ended December 31, 2018 Net Income i Data Table Land $ $ 29,000 17,000 900 Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2017 5,000 35,000 3,400 28,000 16,000 64,000 800 Common Stock Accounts Payable Accounts Receivable Advertising Expense Building Cash Equipment Insurance Expense Interest Expense 18,000 150,500 2,200 16,000 1,800 7,000 200,000 17,000 48,000 Print Done