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Following is a list of financial statement items and amounts for ABC Corporation as of 12/31/ Year 1 , the end of its first year in operation. Required: 1. Prepare the income statement for the year ended December 31 , Year 1. 2. Prepare the statement of retained earnings for the year ended December 31 , Year 1. 3. Prepare the balance sheet at December 31 , Year 1 . Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31 , Year 1. Following is a list of financial statement items and amounts for ABC Corporation as of 12/31/ Year 1 , the end of its first year in operation. Required: 1. Prepare the income statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31 , Year 1. 3. Prepare the balance sheet at December 31, Year 1. Complete this question by entering your answers in the tabs below. Prepare the balance sheet at December 31, Year 1. Following is a list of financial statement items and amounts for ABC Corporation as of 12/31/Year 1 , the end of its first year in operation. Required: 1. Prepare the income statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31 , Year 1. 3. Prepare the balance sheet at December 31 , Year 1. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31 , Year 1

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