Rec C needs to be solved, the following shown below isnt correct. There was an answer before this and it isnt correct.

Required a-1. Prepare an income statement for the Year 2 accounting period. a-2. Prepare a statement of changes in stockholders' equity for the Year 2 accounting period. a-3. Prepare a period-end balance sheet for the Year 2 accounting period. a-4. Prepare a statement of cash flows for the Year 2 accounting period. (Hint Determine the amount of beginning retained earnings before considering the effects of the current period events. It also might help to record all events under an accounting equation before preparing the statements.) b. Determine the percentage of total assets that were provided by creditors, investors, and earnings. c. Determine the balance in the revenue, expense, and dividends accounts as of January 1, Year 3. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req A4 Reg B Reqc Determine the balance in the revenue, expense, and dividends accounts as of January 1, Year 3. Revenue accounts balance Expense accounts balance January 1, Year 3 $ 35,550 X $ (26,000) Dividends account balance 2,000 X