Please use the correct data as I will use the answers as soon as they're provided. I will also leave a like once completed ASAP. Thanks.

#3 Financial Statements

The following are the amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $49,270 on January 1, 2018, the beginning of the year. During the year, dividends of $24,100 were paid.

Accounts payable	$17,970
Accounts receivable	61,200
Cash	194,210
Common stock	15,000
Fees earned	648,300
Land	50,000
Miscellaneous expense	5,040
Rent expense	83,950
Supplies	8,370
Supplies expense	13,430
Utilities expense	50,370
Wages expense	239,870

Required: 1. Prepare an income statement for the year ended December 31, 2018. Journey Travel Agency Income Statement For the Year Ended December 31, 2018 Expenses: Total expenses 2. Prepare a retained earnings statement for the year ended December 31, 2018. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Journey Travel Agency Retained Earnings Statement For the Year Ended December 31, 2018 3. Prepare a balance sheet as of December 31, 2018. When entering assets, enter them in order of liquidity. Journey Travel Agency Balance Sheet December 31, 2018 Assets Total assets Liabilities 0 0 Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 4. What item appears on both the retained earnings statement and the balance sheet