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Prepare a retained earnings statement for the year ending December 31, 2025. Prepare an income statement for the year ending December 31, 2025. (Enter loss using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) KINGBIRD DESIGN Income Statement For the Year Ended December 31, 2025 Revenues Service Revenue $ 62700 Expenses Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Total Expenses Net Income / (Loss) $ 506 7200 3400 4000 28716 $33984 Kingbird Design was founded by Thomas Grant in January 2016. Presented below is the adjusted trial balance as of December 31,2025. Kingbird Design Adjusted Trial Balance December 31, 2025 Debit $12,200 22,700 6,200 3,700 61,200 Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Credit $36,200 6,200 156 5,200 6,800 1,560 11,200 4,700 62,700 12,500 1,110 506 7,200 3,400 4,000 $134,716 $134,716