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 $59,540 on January 1, 2018, the beginning of the year. During the year, dividends of $32,200 were paid. Accounts payable $21,520 Accounts receivable 80,200 Cash 232,540 Common stock 15,000 Fees earned 783,400 Land 50,000 Miscellaneous expense 6,090 Rent expense 101,450 Supplies 10,020 Supplies expense 16,230 Utilities expense 60,870 Wages expense 289,860 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 Cash $ 232,540 Expenses: Wages Expense $ 289,860 Rent Expense 101,450 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 $ Stockholders' Equity $ Total stockholders' equity Total liabilities and stockholders' equity $ 4. What item appears on both the retained earnings statement and the balance sheet