The following items are taken from the financial statements of One Headlight Company for 2021: Accounts payable Accounts receivable $1,510 600 Accumulated depreciation-equipment Unearned Rent Revenue 850 500 Cash 6,700 Salaries and Wages payable 400 Common stock 14,000 Depreciation expense 850 Dividends 600 Equipment Utilities expense 15,000 510 Supplies Expense 200 Supplies 1,000 Service Revenue 14,200 Retained earnings, January 1 10,000 Salaries and wages expense 9,400 Rent Revenue 800 Rent Expense Prepaid Rent 1,500 900 50 5,000 Interest Expense Notes Payable (long-term) Instructions (a) Prepare an income statement and a retained earnings statement for the year ended December 31, 2021