Financial Statement 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 openset for the year follow. The retained earnings were $38, 350 on January 1, 2017, the beginning of the year During the year dividends of $18.800 were paid $13.470 Nccounts payable Accounts receivable 37,090 Cash Common stock Fees camed 145,540 15.000 505,000 50,000 4,030 67,170 Land Miscellaneous expense Rent expense Supplies Supplies expense Utinties expense Wages expense 6,220 10,750 10,300 191.900 Required: 1. Prepare an income statement for the year ended December 31, 2018 Journey Travel Agency Income Statement Check My Work Previous 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 11100 Total expenses 2. Prepare a retained earnings statement for the year ended December 31, 2018. 11 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 2. Prepare a retained earnings statement for the year ended December 31, 2016. Il a net loss is incurred or dividends were pald, 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 Previous Net Check My Work 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 dropdown Total assets Liabilities Stockholders Equity Total stockholders' equity Total liabilities and stockholders' equity 4. What item appears on both the retained earnings statement and the balance sheet