Accounting Cycle 1-9500 Sally Corporation reported the following amounts at December 31.2008. $7,000,000 1,000,000 2,500,000 6,000,000 500,000 Assuming no dividends were paid in the year 2008, what is the amount of expenses that Assets Liabilities Common Stock Revenues Retained Earnings 1/1/08 should appear on Sally's income statement