Use the adjusted accounts for Stark Company from Exercise 3-16 to prepare the 

(1) Income statement 

(2) Statement of retained earnings for the year ended December 31 

(3) Balance sheet at December 31. 

The Retained Earnings account balance was $14,800 on December 31 of the prior year.

Data from Exercise 3-16

Stark Company has the following adjusted accounts with normal balances at its December 31 year-end. Prepare an adjusted trial balance for Stark Company at December 31.

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Notes payable... Prepaid insurance Interest expense Accounts payable Wages payable Cash..... Wages expense Insurance expense Common stock.... Services revenue $11,000 2,500 500 1,500 400 10,000 7,500 1,800 10,000 20,000 Accumulated Accounts receivable. Utilities expense Interest payable Unearned revenue Supplies expense depreciation-Buildings....... Buildings.... Dividends... Depreciation expense-Buildings Supplies..... Retained earnings $15,000 4,000 1,300 100 800 200 40,000 3,000 2,000 800 14,800