S1-14 (similar to) E Question Help Memorex Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: E (Click the icon to view the assembled data of Memorex Arrangements.) (Click the icon to view the income statement.) E (Click on the icon to view the statement of retained earnings.) Prepare the balance sheet of Memorex Arrangements as of December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Assets Liabilities Stockholders' Equity Reference Memorex Arrangements Income Statement Year Ended December 31, 2018 Revenues: 2$ 78,000 Service Revenue Expenses: Salaries Expense 37,000 Rent Expense 13,000 Insurance Expense 5,500 600 Utilities Expense 56,100 Total Expenses 21,900 Net Income Data Table Salaries Expense Insurance Expense $ 37,000 5,500 Accounts Payable 78,000 Service Revenue 9,200 Office Supplies Utilities Expense 600 1,500 Rent Expense Dividends 13,000 4,400 6,000 Common Stock 10,500 Accounts Receivable Cash 7,000 Equipment 28,100 Retained Earnings, January 1, 2018 5,400 Reference Memorex Arrangements Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 5,400 21,900 Net income for the year 27,300 (4,400) Dividends 22,900 Retained Earnings, December 31, 2018 Print Done %24 %24