the business: Flower Petal Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for (Click the icon to view the assembled data of Flower Petal Arrangements.) Prepare the income statement of Flower Petal Arrangements for the year ended 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.) Net Income Data table Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2024 $ Salaries Expense Accounts Payable 2.000 78,000 700 13,000 Office Supplies Dividends 7,500 Accounts Receivable 6,400 Equipment 4,900 S 37,000 500 1,800 4,200 5,000 20,800