Apps Home | Salesforce NAVY CRF | WE DO... Final Examination Saved Problem 1-205 [LO 1-2] Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1. the end of its first year in operation. 10 Accounts Receivable $ 40, 308 points Accounts Payable 30, 308 Cash 10, 838 Common Stock 2 01:14:03 20, 308 Notes Payable 10,958 Equipment 50,158 Sales Revenue 81, 508 Fuel Expense 10, 038 Rent Expense 10, 208 Advertising Expense 5,038 Salaries and Wages Expense 20, 308 Retained Earnings Dividends 16, 128 Required: 1. Prepare the Income Statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31, Year 1. 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Income Statement for the year ended December 31, Year 1. VANTAGE SERVICE Income Statement For the Year Ended December 31, Year 1 Revenues: Cash S 10.030 Total Revenues 10.030 Expenses: Total Expenses