The assets and liabilities of Post Rose, Inc., as of December 31, 2016, and revenues and expenses for the year ended on that date follow: Requirement 1. Prepare the income statement of Post Rose, Inc. for the year ended December 31, 2016. Let's begin the heading and then complete the rest of the statement. (If a box is not used in the financial statements leave the box empty; do not select a label or enter a zero.) Equipment,"$113,000",Land,"$22,000" ,Interest expense,"10,700",Note payable,"99,500" ,Interest payable,"2,800",Property tax expense,"7,700" ,Accounts payable,"26,000",Rent expense,"41,400" ,Salary expense,"108,500",Accounts receivable,"85,100" ,Building,"402,000",Service revenue,"455,600" ,Cash,"46,000",Supplies,"6,300" ,Common stock,"5,000",Utilities expense,"8,500" Beginning retained earnings was $364,300, and dividends totaled $ 102,000 for the year.