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Below are the account balances for Schroeder Corporation at the end of December. Accounts Balances Cash $ 6,500 Salaries expense 3,600 Retained earnings 1,100 Advertising

Below are the account balances for Schroeder Corporation at the end of December. Accounts Balances Cash $ 6,500 Salaries expense 3,600 Retained earnings 1,100 Advertising expense 1,540 Equipment 8,100 Service revenue 11,400 Common stock 11,200 Accounts payable 1,710 Use only the appropriate accounts to prepare an income statement. Revenues: Service Revenue SCHROEDER CORPORATION Income Statement For the year ended December 31 Expenses: Salaries Expense $ 11,400 Total expenses 0 $ 11,400

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