Tar Heel Corporation provides the following information at the end of 2018. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utility expense for the year Note payable to the bank Service revenue earned during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued, including $4,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers $ 3,100 10,200 78,000 4,400 42,800 5,800 24,000 68,400 26,500 7,500 ? 23,000 5,000 2,000 13,000 The balance of retained earnings at the beginning of the year equals $29,700. Required: 1. Prepare the income statement for the year ended December 31, 2018. TAR HEEL CORPORATION Income Statement For the year ended December 31, 2018 Expenses Total expenses 0 Tuttof Stockholders'Equity For the year ended December 31, 2018 Common och Beginning balance Ending balance 3. Prepare the balance sheet for the year ended December 31, 2018 TATL CORPORATION Der 11, 2018 Ats Le To 1 9.10 ge