TO Credit - $ Debit 18.000 18,700 2300 1.400 37.100 Requirement 1. Prepare Nelson Corporation's 2018 single-step income statement, statement of retained camins and balance sheet Begin by preparing Nelson's 2018 income statement Data Table Nelson Corporation Income Statement Year Ended July 31, 2018 Account Cash Accounts receivable Accounts receivable Supplies Depreciation expense Expenses Prepaid ront Income tax expense Equipment Insurance expense Accumulated depreciation equipment Interest expense Accounts payable Interest income Interest payable Net Income Unearned service revence Rent expense Revenue Income tax payable Salary expense Note payable Service revenue Common stock Supplies expense Retained earnings N Total expose (Include a subtotal for the "Addrine of the statement Dividends Ulisesse Service Statement of Retained Earnings Deprecation expende-quiment Year Ended July 31, 2018 Salary expense Hot expense Add restone Insurance expense Choose from any list of enter any number in the input neds and then continue to the next questi Supplies pense Income tax expense Total 5,000 9.500 1.100 600 2.700 18.400 15 000 4.000 7.000 97.500 1.400 40.100 11.200 3.100 3.500 2.900 6700 $ 153 000 $ 153,000 Print Done Now prepare the statement of retained earnings (include a subtotalater the "Adeline of the statut) Nelson Corporation Statement of Retained Earnings Year Ended July 31, 2018 Data Table Deba Credit 5 Dividends Net Income Retained earning ly 31, 2017 Retained eaming Nily 31, 2018 Service revenue Totales 18.000 16700 2.300 1400 9 100 3 helanchthave the box omply do not select a fabulorantura De Nelson Corporation Balance Sheet July 11, 2018 Liabilities Account Cash Accounts Supplies Prapat Equit Accomodation Accounts payable Wropa Under ex payable Net Com R D. 5.000 5500 100 Stockholders Equity De SW R so 2.700 18.00 15.000 4.000 7000 100 102 40100 11:20 3100 3000 20 6.700 153.400 3 12000 Choose from any stor enter any uber the input and then context question You Done Dance Sheet Aly 2011 How thon