The following is a list of financial statement items and amounts for Vantage Service as of $\frac{12}{31}\frac{?}{?}$ Year $1,$ the end of its first year in

operation.

Required: $$

Prepare the income statement for the year ended December $31,$ Year $1.$

Prepare the statement of retained earnings for the year ended December $31,$ Year $1.$

Prepare the balance sheet for the year ended December $31,$ Year $1.$

Complete this question by entering your answers in the tabs below.

Prepare the statement of retained earnings for the year ended December $31,$ Year $1.$

VANTAGE SERVICE

Statement of Retained Earnings

For the Year Ended December $31,$ Year $1$

Retained Earnings, January $1,$ Year $1$

Retained Earnings, December $31,$ Year $1$