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2. Retained Earnings C. All general journal entries related to the first year's Income Statement and Balance Sheet at the end of the first year, AutoSave OH & Accounting Project[1233] - Read-Only - Excel File Home Insert Draw Page Layout Formulas Data Review View Calibri 11 ap General AA 3 CA Paste BIU. v $ % 9 Clipboard IS Font B Alignment Number D16 fo D E F G H 100,000 100,000 B 1 Revenues 2 Sales Revenue 3 4 Total Revenue 5 6 7 Expenses 8 Rent Expense 9 Salary expense 10 Utility Expense 11 Insurance Expense 12 13 Total Expenses 14 15 Net Income 15 17 18 19 20 21 22,000 16,000 2,000 1,000 41,000 59,000 First Year Income Statement Ending Balance Sheet Journal Entries - Income Stmt. Type here to search o CO Calibri 11 AA General Insert Delete WE Paste BIU $ -% 8-98 Format - Conditional Format as Cell Formatting Table Styles Styles Sort & Fin Filter Sole pboard F Font 22 Alignment Number cele G34 1 X G 74000 6,000 21,000 10,000 2,000 Total Current Liabilities: 39,000 B D 15 Total Assets 16 17 Liabilities 18 Current Liabilities: 19 Accounts Payable 20 Salary Payable 21 Unearned Revenue 22 Notes Payable 23 24 Long-term Liabilities 25 Building Lease 26 27 Total Liabilities 28 29 Stockholder's Equity 30 Common Stock 31 Retained Earnings 32 Total Stockholder's Equity 33 34 35 First Year Income Statement Ready 12,000 Total Long-term Liabilities: 12,000 51,000 17,000 6,000 23,000 Ending Balance Sheet Journal Entries Income Stmt. a ED Type here to search