Revenues Service Revenue Expenses Salaries Expense Supplies Expense Online Advertising Services Income Statement Year Ended December 31, 2024 Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Expenses Net Income (Loss) 27,500 9,300 2,700 800 11.000 44,500 51,300 $ (6,800) Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2024. (Use a minus sign or parentheses to show a ne Online Advertising Services Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Retained Earnings, December 31, 2024 Data table 4 Balance Debit Credit 14,000 14,500 6,300 18,200 51,600 $ 35,200 19,200 December 31, 2024 Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable 12,900 9,600 Salaries Payable 7,000 Unearned Revenue 18,000 Common Stock 30,500 Retained Earnings 36,600 Dividends 19,200 Service Revenue 44,500 Salaries Expense 27,500 Supplies Expense 9,300 Depreciation Expense-Building 2,700 Depreciation Expense-Furniture 800 11.000 Advertising Expense S 194,300 $194,300 Total Print Done