Selected accounts of Annis Consulting, Inc., a financial services business, have the following balances at December 31, 2018, the end of its first year of operations. During the year, Leslie Annis, the only stockholder, bought $12,000 of stock in the business. (Click the icon to view the selected accounts.) Read the requirements, Supplies expense 3,0U Rent expense Salaries expense 30,000 49,000 3,000 Property tax expense Total expenses 96.300 - - X Data Table Net income (loss) $ 23.700 What is the result of operations for 2018? Net income of $23,700 30,000 olve for the dividends. Recall that Requirement 3. Assuming the balance in Retained carings on December 31, 2018 was $8,700, what w the business has just completed its first year and has no beginning balance for retained earings. Start with the heading and then complete the rest of the statement (Enter "O" for zero balances.) Office fumiture .......... $ 26,000 Rent expense ......... $ Utilities expense 10,400 Cash Accounts payable 5,200 Office supplies Note payable 30,000 Salaries expense Service revenue 120,000 Salaries payable ! Accounts receivable 4,500 Property tax expense Supplies expense 3,900 Equipment 5,400 900 49,000 1,500 Annis Consulting, Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 3.000 25,000 Add Subtotal Point Print Done Less: Choose from any list or enter any number in the input fields and then click Check Answer. Help Me Solve This DemoDocs Example Get More Help Clear All Check