Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 1,600,eee Accounts Receivable 174, eee Supplies 15,100 Equipment 930, eee Buildings 510, Land 2,850,000 Accounts Payable 113, eee Deferred Revenue 74, eee Notes Payable (due 2025) 94,000 Common Stock 2,500,000 Retained Earnings 2,498, 100 In addition to the above accounts, VGC's chart of accounts includes the following Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The January transactions are shown below: a. Received $57750 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. b. Purchased 10 new computer servers for $41.500 on 1/2paid $11,500 cash and signed a three-year note for the remainder owed. c. Paid $14,300 for an Internet advertisement run on 1/3 d. On January 4, purchased and received $5,300 of supplies on account a Received $57750 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020 b. Purchased 10 new computer servers for $41.500 on 12; paid $11,500 cash and signed a three-year note for the remainder owed Pald 514,300 for an internet advertisement run on 1/3 d on January 4, purchased and received 55,300 of supplies on account e Received $150.000 cash on 1/5 from customers for service revenue carried in January On January 6. paid $5,300 cash for supplies purchased on January 4 9. On January 7, sold 19,900 subscriptions at $13 each for services provided during January. Half was collected in cash and half was sold on account h. Paid $380,000 in wages to employees on 1/30 for work done in January On January 31, received an electric and gas utility bill for $6.260 for January utility services. The bill will be paid in February Sims of Check my work 2 sold on account ht. Paid $380,000 in wages to employees on 130 for work done in January Lon January 31, received an electric and gas utility bill for $6 260 for January utility services. The bill will be paid in February 10 Requirement General General Trial Balance Income Journal Ledger Statement Retained Balance Sheet Analys Earnings Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line that reports Dividends of zero VANISHING GAMES CORPORATION Statement of Retained Earnings For the Month Ended January 31, 2021 Retained Emmings January 1, 2021 Add: Not Income Los Dividends Retained Earnings January 31, 2021 Balance Sheet At January 31, 2021 Assets Current Assets Cash Accounts Receivable Supplies Total Current Assets $1520,000 245.000 20,400 1.792.000 0 971500 2050,000 5 4,813,500 equipment Land Focal Labies and Stockholders' Equity Uabilities Contabilities 5 O 0 0 In addition to the above accounts. VGC chart of accounts includes the following Service Revenue, Salaries and Wages Exponse, Advertising Expense, and Utilities Expense The January transactions are shown below Received $57750 cash from customers on 11 for subscriptions that had already been earned and charged on account in 2020 b. Purchased 10 new computer servers for $41500 on 12. pard $11.500 cash and signed a three year note for the remainder owed cPaid $14,300 for an internet advertisement run on 13 d on January 4, purchased and received $5,300 of supplies on account e Received $150.000 cash on 1/5 from customers for service revenue earned in January On January 6, paid $5,300 cash for supplies purchased on January 4 g On January 7 sold 19.900 subscriptions at $13 each for services provided during January, Half was collected in cash and half was sold on account h Paid $380,000 in wages to employees on 130 for work done in January On January 31, received an electric and gas ility bill for $6.260 for Januarytaty services. The bill will be paid in February Regar Gener Journal Genera Ledger Balance Income Statement Somto Heted Erns Sheet Analysis Balance Sheet