The assets and liabilities of Post Shrub Garden Supply, Inc., as of December 31, 2021, and revenues and expenses for the year ended on that date are as follows: (Click the icon to view the account totals.) Read the requirements. Requirement 1. Prepare the income statement of Post Shrub Garden Supply, Inc., for the year ended December 31, 2021. Let's begin the heading and then complete the rest of the statement. (If an input field is not used in the financial statements leave the field empty; do not select a label or enter a zero. Use parentheses or a minus sign to enter Post Shrub Garden Supply, Inc. Statement of Cash Flows Requirements Year Ended December 31, 2021 Revenue: Service revenue Expenses: 1. Prepare the income statement of Post Shrub Garden Supply, Inc., for the year ended December 31, 2021. 2. Prepare the company's statement of retained earnings for the year. 3. Prepare the company's balance sheet as of December 31, 2021. 4. Analyze Post Shrub Garden Supply, Inc., by answering these questions: a. Was Post Shrub profitable during 2021? By how much? b. Did retained earnings increase or decrease? By how much? c. Which is greater, total liabilities or total stockholders' equity? Who has a greater claim to Post Shrub's assets: its creditors or its stockholders? Data table Net income (loss) Requirement 2. Prepare the company's statement of retained earnings for the year. Start with the heading and then complete the rest of the statement. (Include a subtotal after the "Add" line of the statement.) Equipment Interest expense Interest payable Salary expense Building Add: Subtotal $ 114,000 Land $ 28,000 10,100 Note payable 2,900 Property tax expense 99,400 7,500 Accounts payable 23,000 Rent expense 40,000 108,300 Accounts receivable 84,000 409,000 Service revenue 460,600 Cash Common stock 43,000 Supplies 6,900 12,000 Utilities expense 8,000 Beginning retained earnings was $363,900, and dividends declared and paid totaled $103,000 for the year.