Using the above information create the following:income statement, statement of retained earnings, balance sheet and the statement of cash flows.

Milo Inc. had the following account balances at December 31, 2021: Account Name Amount Dividends $2,750 Prepaid expenses 1,800 Interest expense 1, 150 Website expense 800 Accounts receivable 31,325 Deferred revenue 1,500 Income tax expense 5,275 Collections from customers 44,375 Purchase of intangibles 1,310 Payments to suppliers 41,840 Car expense 2, 125 Retained earnings (beginning of year) 10,235 Payment of dividends 2,750 Rent expense 2,400 Supplies expense 1,500 Cash (beginning of year) 37,625 Service revenue 33, 150 Cash received from debt 15,000 Prepaid rent 1,200 Supplies 1,875 Business licence 60 Cash (end of year) 52,350 Income tax payable 1,200 Owner's capital 17,500 Website design 1,250 Entertainment expense 575 Contributions by owners 1,250 Accounts payable 27,850 Bank loan payable, due in 2025 15,000