The asset, liabilities, and equities of Drought Design Studio have the following balances at December 31, 2018. The retained earnings was $33,000 at the beginning of the year. At year end, common stock was $20,000 and dividends were $54,000 EEE (Click the icon to view the account balances.) Prepare the income statement for Drought Design Studio for the year ending December 31, 2018 Data Table Notes Payable Rent Expensc Cash Office Supplies Salalies Experise Property Tax Expense $ 9,800 Office Furniture S 77,800 7,000 3,300 189,700 11,700 4,400 20,000 Utilitics Expensc 3,100 Accounts Payable 4.900 Service Revenue 71,000 Acounls Receivable 1,900 Miscellaneous Expense Print Done Net Income