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answer all pls How many of the following statements regarding the income statement are true? The total from the income statement is included in the

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How many of the following statements regarding the income statement are true? The total from the income statement is included in the statement of retained earnings. The income statement shows the assets and liabilities of the company at a point in time. The income statement primarily shows whether a business made a profit from selling goods or providing services after subtracting the costs of doing bus none one two three The Sweet Smell of Success Fragrance Company borrowed 550.000 from the bank and used all of the money to redesign its new store, Sweet Smells balance sheet would show this as 550.000 under Furnishings & Equipment and 550.000 under Notes Payable 550.000 under Supplies and 550.000 under Accounts Payable. 550.000 under prepaid Expenses and 550.000 under Accrued Liabilities 550.000 under Other Assets and 550.000 under Other abilities e following are transactions for Atlas Corporation (a financial consulting firm. for the month of June 2019: e 1 purchased supplies for 55.000 on account ne 10 purchased land for 100.000 and paid the full amount in cash me 15 provided services for $150,000 on account me 17 paid wages for the month of May totaling $30,000 me 20 paid the amount owed to the supplier from the June 1st transaction me 28 paid utilities for the month of June in the amount of $15.000 ne 29 paid rent for the month of June in the amount of $25.000 e journal entry on June 15th includes debit cash for 5150,000 credit cash for $150,000 debit service revenue for 5150.000 credit service revenue for $150,000 none of the above

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