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Practice Final Test (Not Graded) F SO The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was $68,000 ($48,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year. Net income for the year is $45,625. Atte Sc $4,375 Accounts payable Accounts receivable Cash 8,490 Cor 13,980 Spla operating expense Office expense Spa supplies Wages expense Dividends $23,760 2,470 9,230 26,580 38,170 Fees earned 722 Ne Spa furniture & equipment 56,000 2,130 Computers Prepare an income statement for the current year ended December 31 Rocky's Day Spa Income Statement For the Year Ended December 31 Expenses: Previous Next No Check My Work uses