also please explain how i should get net income.

Homework: Graded MAL HW #1 [Ch. 1] Fall 2019 Save Score: 5.5 of 11 pts 8 of 14 (8 complete) HW Score: 33.39%, 59.77 of 179 pts Instructor-created question ! Question Help Amazing Arrangements has completed operations for the year ended December 31, 2018. The following information is available: (Click the icon to view the assembled data of Amazing Arrangements.) Prepare the company's statement of retained earnings for the year ended December 31, 2018 Amazing Arrangements Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Net Income 5300 Dividends (4900) Retained Earnings, December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer Instructor-created question Question Help Amazing Arrangements has completed operations for the year ended December 31, 2018. The following information is available: (Click the icon to view the i Data Table Prepare the company's statem Amal $ Statemer Year End Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 6,000 78,000 600 7,000 7,500 3,800 5.300 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment Retained Earnings, January 1 Net Income 38,000 1,500 2,500 4,900 6,500 23,000 Dividends Retained Earnings, December Print Done Choose from any list or enter any number in the input fields and then click Check Answer, All parts showing Clear All Check