The following items are taken from the financial statements of One Headlight Company for 2021 Accounts payable $18,300 Accounts receivable 11,700 Accumulated depreciation-equipment 17,600 Unearned Rent Revenue 5,000 Cash 10.100 Salaries and Wages payable 12,000 Common stock 12,000 Depreciation expense 3,600 Dividends 12,000 Equipment 66,000 Utilities expense 2,000 Insurance Expense 2,200 Repairs Expense 1,800 Service Revenue 68,000 Retained earnings, January 1 31,500 Salaries and wages expense 37,000 Rent Revenue 12,000 Instructions (a) Prepare an income statement and a retained earnings statement for the year ended December 31, 2021