SF1-14 (book/static) Centerpiece Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business (Click the loon to view the assembled data of Centerpiece Arrangements.) (Click the icon to view the income statement (Click on the icon to view the statement of retained earnings) Prepare the balance sheet of Centerpiece Arrangements as of December 31, 2024 (If a box is not used in the table leave the box amply, do not select a label or enter a zero) Assets Liabilities Stockholders' Equity i Data Table . Insurance Expense $ $ 4,500 70,000 46,000 17,600 Service Revenue Salaries Expense Accounts Payable Office Supplies Dividends 1,700 1,400 16,000 4,800 Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2024 9,000 Accounts Receivable Equipment 8,000 12,100 7,200 5,100 Print Done i Reference m Ite Centerpiece Arrangements Income Statement Year Ended December 31, 2024 Revenues: Service Revenue $ 70,000 Expenses Salaries Expense Rent Expense Insurance Expense Utilities Expense Total Expenses 46,000 16,000 4,500 1,400 67,900 $ 2,100 Net Income Print Done i Reference - Centerpiece Arrangements Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 $ 5.100 2,100 Net income for the year 7,200 (4,800) Dividends $ 2,400 Retained Earnings, December 31, 2024 Print Done