Brief Exercise 5-7 The following information relates to Metlock, Inc. for the year 2017 Retained earnings, January 1, 2017 $49,920 Advertising expense $1,870 Dividends during 2017 5,200 Rent expense 10,820 Service revenue 65,000 Utilities expense 3,220 29,120 Other comprehensive income (net of tax) 420 Salaries and wages expense x Your answer is incorrect. Try again. After analyzing the data, compute net income Net income (loss)