Problem 3 20 points The following items are taken from the financial statements of Starr Corporation for 2016: Accounts Payable $78,000 Accounts Receivable 146,000 Bonds Payable 50,000 Cash 84,000 Common Stock 25,000 Advertising Expense 10,000 Dividends 3,000 Rent Expense 8,000 Supplies Expense 4.000 Retained Earnings, January 1 10,000 Salaries Expense 20,000 Consulting Revenue 118,000 Supplies on Hand 6,000 Instructions: Prepare each of the following financial statements. 1. 2. 3. an income statement; a retained earnings statement; a classified balance sheet