The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $605,000 on January 1, 2018, the beginning of the year. During the year, dividends of $37,000 were paid. Accounts $ 73,000 payable Accounts 277,000 receivable Cash 191,500 Common stock 70,000 Fees earned 888,700 Land 547,000 Miscellaneous 6,000 expense Rent expense 34,000 Supplies 6,000 Supplies 4,200 expense Utilities 29,000 expense Wages expense 505,000 Required: 1. Prepare an income statement for the year ended December 31, 2018. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred, enter that amount as a negative number using a minus sign. A colon (1) will automatically appear if it is required. Prepare a retained earnings statement for the year ended December 31, 2018. Refer to the information given and the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. The word "Less" or "Add" is not needed in the Retained Earnings Statement Prepare a balance sheet as of December 31, 2018. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. What item appears on both the retained earnings statement and the balance sheet? 2. 3 4