Requirement Prepare Honeybee Hams, Inc.'s single-step income statement and statement of retained eanings for the year ended December 31, 2018, and its balance sheet on that date. 1. Prepare the Honeybee Hams, Inc. statement of retained eamings for the year ended December 31, 2018. (Includea sublotal after the "Add" line of the statement) Honeybee Hams, Inc. Statement of Retained Earnings Year Ended December 31, 2018 Thousands Add Subtotal Less Honeybee Hams, Inc. Adjusted Trial Balance December 31, 2018 (Amounts in thousands) Credit Debit Account 4,800 Cash 1,400 Accounts receivable 2,300 Inventories 1,300 Prepaid expenses 16,800 Property, plant, and equipment 2,700 Accumulated depreciation-property, plant, and equipment 9,400 Other assets 7,200 Accounts payable 400 Income tax payable 2,200 Other liabilities Done Print - X i Data Table Prepaid expenses 1,300 Property, plant, and equipment 16,800 Accumulated depreciation-property, plant, and equipment $ 2,700 Other assets 9,400 Accounts payable 7,200 Income tax payable 400 Other liabilities 2,200 Common stock 14,600 Retained earnings (beginning, December 31, 2017) 5,100 Dividends 1,200 Sales revenue 42,200 Cost of goods sold 25,000 Selling, administrative, and general expenses 10,100 2,100 Income tax expense 74,400 $ 74,400 Total