Analyze the data above and prepare an income statement and a retained earnings statement for the year ending Dec 31, 2017

The following information relates to Radio Repair Company for the year 2017: Retained earnings, January 1, 2017 $59,000 Advertising expense 1,800 Dividends paid during 2017 9,000 Rent expense 10,400 Service revenue 52,000 Utilities expense 2,400 Salaries and wages expense 25,000 Required After analyzing the above data, prepare an Income Statement and a Retained Earnings Statement for the year ending December 31, 2017