The asset, liabilities, and equities of Rainer Design Studio have the following balances at December $31,2025.$ The Retained Earnings was $$38,000$ at the beginning of the year. At year end, Common Stock was $$10,000$ and Dividends were $$51,000.$

View the account balances.

Prepare the income statement for Rainer Design Studio for the year ending December $31,2025.$

Revenue:

Expenses: $$

Total Expenses $$

Net Income $q,$

Account Balanges

$\backslash$table$[[$Notes Payable,$9,200],[$Rent Expense,$26,000],[$Cash$,3,100],[$Supplies$,5,100],[$Salaries Expense,$67,000],[$Property Tax Expense,$1,600],[$Office Furniture,$63,400],[$Utilities Expense,$7,200],[$Accounts Payable,$2,900],[$Service Revenue,$179,800],[$Accounts Receivable,$11,700],[$Miscellaneous Expense,$3,800]]$