The adjusted trial balance of Manchester Advertising Services, at December 31, 2018, follows. This is the first year of operations. EEB (Click the icon to view the adjusted trial balance.) Data Table Read the requirements Manchester Advertising Services Requirement 1. Prepare the income statement for the year ended December 31, 2018. (If a box is not used in the statement, leave Adjusted Trial Balance Manchester Advertising Services December 31, 2018 Income Statement Balance Year Ended December 31, 2018 Account Title Debit Credit Cash 8,000 12,600 Accounts Receivable Office Supplies 1,000 Land 50,000 Building 51,000 Accumulated Depreciation-Building $ 24,000 19,000 Furniture Accumulated Depreciation-Furniture 6,500 5,000 Accounts Payable Salaries Payable 900 Unearned Revenue 8,000 9,000 Notes Payable (long-term) Net Income 80,700 Common Stock Requirement 2. Prepare the statement of retained earnings for the year ended December 31, 2018 Dividends 24,000 Choose from any list or enter any number in the input fields and then continue to the next question Print Done The adjusted trial balance of Manchester Advertising Services, at December 31, 2018, follows. This is the first year of operations.Data Table EEB (Click the icon to view the adjusted trial balance) Read the requirements. 50,000 Requirement 1. Prepare the income statement for the year ended December 31, 2018. (f a box is not used in the statement, leave Building 51,000 Manchester Advertising Services S 24,000 Accumulated Depreciation-Building Income Statement Furniture 19,000 Year Ended December 31, 2018 6,500 Accounts Payable 5,000 Salaries Payable Unearned Revenue 8,000 Notes Payable (long-term) 9,000 Common Stock 80,700 24,000 Service Revenue 62,800 16,000 Salaries Expense Supplies Expense 1,800 5,000 2,500 6,000 Net Income Advertising Expense 5 196,900 S 196,900 Requirement 2. Prepare the statement of retained earnings for the year ended December 31, 2018 Total Choose from any list or enter any number in the input fields and then continue to the next question. Print Done