The following selected accounts and account balances were taken from the records of Merida's Archery Training Company. Except 28 otherwise indicated, all balances are as of December 31. Year 2, before the closing ertries were recorded Saved Help Set Sort Consulting revenue $9,000 8,400 3,400 Cash Cash received from common stock issued during Year 1 Travel expense Dividends Cash flow from investing activities Rent expense Payment to reduce debt principal Retained earnings, January 1, Year 2 Salary expense Cash flow from operating activities Common stock, December 31, Year 2 Other operating expenses 600 1,680 2,500 1,800 17,380 14,200 2,700 2,300 8,300 2,500 Required a. Prepare the income statement Merida's Archery Training would include in its Year 2 annual report b. Identify the accounts that should be closed to the Retained Earnings account C-1. Determine the Retained Earnings account balance at December 31, Year 2 which of the following statement(s) is true? ion by entering your answers in the tabs below. Reg A Reg B Req C1 Prepare the income statement Merida's Archery Training would include in its Year 2 annual report Reg C2 MERIDA'S ARCHERY TRAINING COMPANY Income Statement For the Year Ended December 31, Year 2 Expenses 0 Total expenses 0 Req B s) is true? account at December 31, Year 2 Susreport Help SLES Complete this question by entering your answers in the tabs below. Reg A ReqB Reg C1 Reg C2 Identify the accounts that should be closed to the Retained Earnings account. (Select All That Apply) JU Salaries payable Consulting revenue Dividends Accounts Receivable Cash Travel expense Rent expense Salary expense Other operating expense OSO Rega RegCl > Sther operating expenses Required a. Prepare the income statement Merida's Archery Training would include in its Year 2, awal report b. Identify the accounts that should be closed to the Retained Earnings account c-1. Determine the Retained Earnings account balance at December 31 Year 2 C-2. Which of the following statementis) is true? 2.500 Velo Solist Complete this question by enteling your answers in the tubs below. Reg A ReqB Reg C1 Reg C2 Determine the retained Earnings account balance at December 31, Year 2. Retained earnings