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Requirement Prepare the following financial statements for Picture Perfect Photography: a. Income statement for the year ended December 31, 2024. b. Statement of retained earnings

image text in transcribedimage text in transcribedimage text in transcribed Requirement Prepare the following financial statements for Picture Perfect Photography: a. Income statement for the year ended December 31, 2024. b. Statement of retained earnings for the year ended December 31, 2024. c. Balance sheet as of December 31, 2024. Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2023. At December 31, 2024, the business's accounting records show these balances: (Click the icon to view the accounts.) Read the requirement. a. 2024. (If a box is not us Data table

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