Stark company has the following adjusted accounts with normal balances at its December 31 year-end.
Account Title				Debit		Credit
Cash				$10,000
Accounts receivable				4,000
Supplies				800
Prepaid Insurance				2,500
Building				400,000
Accounts payable						$1,500
Wages payable						400
Notes payable						11,000
Interest payable						100
Unearned revenue						800
Common stock						385,000
Retained earnings						14,800
Dividends				3,000
Services revenue						20,000
Supplies expense				200
Interest expense				500
Utilities expense				3,300
Wages expense				7,500
Insurance expense				1,800
				$433,600		$433,600
Note: The Retained Earnings account balance is $14,800 at December 31, 2020.
(1) Prepare the income statement for the year ended December 31, 2021.
(2) Prepare the statement of retained earnings for the year ended December 31, 2021.
Stark Company
Income Statement
Revenues
Building
Expenses
Total expenses
Stark Company
Statement of Retained Earnings
Retained earnings, December 31, 2020
Retained earnings, December 31, 2021
Stark Company
Balance Sheet
Assets:
Total assets
Liabilities:
Total liabilities
Equity:
Total equity
Total liabilities and equity