Requirement 2. Prepare the income statement, statement of retained earnings, and balance sheet of White Researchers, Inc., after recording the transactions. Indicate the relationships within the statements that link them together. The balance sheet does not have to be classified. Begin by preparing the income statement for White Researchers, Inc. (If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero. Use parentheses or a minus sign for a net loss.) Review the accounting equation prepared in Requirement 1. Revenues White Reaserchers, Inc. Income Statement Month Ended February 28, 2021 Accounts receivable Expenses Service revenue 2,500 Utilities expense 100 380 Rent expense Total expenses Net income (loss) 480 2,020