Data Table Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense $ 13,900 Office Furniture 28,000 Utilities Expense 3,000 Accounts Payable 4,500 Service Revenue 67,000 Accounts Receivable $ 36,700 6,200 2,800 152,700 7,900 4,300 1,800 Miscellaneous Expense Drought Design Studio Income Statement Year Ended December 31, 2018 o n Revenues: Service Revenue S 152,700 Expenses Salaries Expense Rent Expense Utilities Expense Miscellaneous Expense Property Tax Expense 67,000 28,000 6,200 4,300 1,800 107,300 S 45,400 Total Expenses Net Income Reference Drought Design Studio Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 S 30,000 45,400 75,400 (61,000) Net income for the year Dividends Retained Earnings, December 31, 2018 S14,400 Print Done and equibes of Drought Design Studio have t the following balances at December 31, 2018. The retained earnings was $30,000 at the beginning of the year At year end, common stock was $21,000 and dividends were $61,000 EEB (Cick the icon to view the account balances) (Click the icon to view the income statement for the year) Click the icon to view the statement of retained earnings for the year ended December 31,2018) Prepare the balance sheet for Drought Design Studio as of December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Assets Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next