7) Below are the account balances for Schroeder Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. Accounts Cash Salaries expense Retained earnings Advertising expense Equipment Service revenue Common stock Accounts payable Balances $ 6,800 2,400 1,500 1,180 9,300 8,400 7,500 2,170

Below are the account balances for Schroeder Corporation at the end of December. Use only the appropriate accounts to prepare an income statement