Ticket revenue $$180,000$ Equipment rent expense $$50,000$ Film rent expense $$53,400$ Concession revenue $$29,600$ Advertising expense $$18,600$ Salaries expense $$60,000$ Utilities expense $$14,100$ Cash dividends declared and paid $$12,000$ Balance sheet amounts at June $30$ include the following:Cash $$140,000$ Land $$148,000$ Accounts payable $$87,600$ Capital stock $$114,000$ Retained earnings as of $2010$ June $1$ $$84,900$ Income StatementPrepare the Income StatementRevenues:Ticket Revenue$$180,000\mathrm{.}00$Consession Revenue$$29,600\mathrm{.}00$Total Revenue$$209,600\mathrm{.}00$Expenses:Equipment Rent Expense $-$$$50,000\mathrm{.}00$Film Rent Expense$-$$$53,400\mathrm{.}00$Advertising Rent Expense $-$$$18,600\mathrm{.}00$Salaries Expense$-$$$60,000\mathrm{.}00$Utilities Expense $-$$$14,100\mathrm{.}00$Total Expenses$$196,100\mathrm{.}00$Net Income$$28,100\mathrm{.}00$Cash Dividends Declared $-$$$12,000\mathrm{.}00$Retained Earnings$$56,800\mathrm{.}00$

Create a retained earnings and a balance sheet from the income statement above