The asset, liabilities, and equities of Davidson Design Studio have the following balances at December 31, 2018. The retained eamings was $40,000 at the beginning of the year. At year end, common stock was $21,000 and dividends were $61,000. (Click the loon to view the account balances.) Prepare the income statement for Davidson Design Studio for the year ending December 31, 2018 i Data Table $ Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense 12,500 30,000 3,300 4,900 64,000 1,500 Office Furniture Ulities Expense Accounts Payable Service Revenue Accounts Receivable Miscellaneous Expense 45,700 6,200 3,000 150,500 6.200 4,200 Print | Done | Net Income