Instructions After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2022. E1.13 (LO 5), AN Robyn Howser is the bookkeeper for Madison Company. Robyn has been trying to determine the correct balance sheet for Madison Company, shown as follows. Madison Company Balance Sheet December 31, 2022 Assets Liabilities Cash $14,000 Accounts payable $15,000 Supplies 3,000 Accounts receivable (8,500) Equipment 48,000 Common stock 50,000 Total assets $65,000 Retained earnings 8,500 Total liabilities and stockholders' equity $65,000