Exercise 3-8 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. Notes payable $ 20 , 000 Accumulated depreciationBuildings $ 24 , 000 Prepaid insurance 3 , 4 0 0 Accounts receivable 5 , 80 0 Interest expense 680 Utilities expense 2,200 Accounts payable 6 , 000 Interest payable 460 Wages payable 1 , 3 0 0 Unearned revenue 1 , 25 0 Cash 28, 000 Supplies expense 380 Wages expense 8,400 Buildings 130,000 Insurance expense 2, 700 Dividends 7,500 Common stock 17 , 2 0 0 Depreciation expenseBuildings 6 , 50 0 Retained earnings 6 1 , 60 0 Supplies 1 , 25 0 Services revenue 65 , 00 0 Prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $61,600 on December 31 of the prioryear. Complete this question by entering your answers in the tabs below. Income Statement of Statement Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Services revenue LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL Expenses Total expenses 0 $ 0Complete this question by entering your answers in the tabs below. 5 Statement of 5 Income 5 . E Statement Retained Balance Sheet : Earnlngs : Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $61,600 on December 31 of the prior year. income Statement Retained Balance Sheet Earnings Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets Total assets EA 0 Liabilities Total liabilities 0 Equity Total equity o o Total liabilities and equity