The assets, labilities, and equities of Dundee Design Studio have the following balances at December 31, 2024. The Retained Earnings was $31,000 at the beginning of the year. At year end, Common Stock was $18,000 and Dividends were $59,000. (Click the icon to view the account balances) (Click the icon to view the income statement for the year.) (Click the icon to view the statement of retained earnings for the year ended December 31, 2024.) Prepare the balance sheet for Dundee Design Studio as of December 31, 2024. (If a box is not used in the table leave the box empty; do not select a label or enter a zero) Assets Liabilities Stockholders' Equity Assets Liabilities Stockholders' Equity Data table Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense 9,600 24,000 4,000 4,000 64,000 1,800 Office Furniture Utilities Expense Accounts Payable Service Revenue Accounts Receivable Miscellaneous Expense $ 32,600 6,200 3,700 142,300 5,400 3,600 Revenues: Service Revenue Expenses: Dundee Design Studio Income Statement Year Ended December 31, 2024 Salaries Expense Rent Expense Utilities Expense Miscellaneous Expense Property Tax Expense Total Expenses Net Income $ 64,000 24,000 6,200 3,600 1,800 $ $ 142,300 99,600 42,700 Dundee Design Studio Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Net income for the year" Dividends Retained Earnings, December 31, 2024 $ $ 31,000 42,700 73,700 (59,000) 14,700