C 1 Tiffany's provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts: Advertising Expense Buildings ellook $ 31,200 Service revenue 108,000 Interest Expense 67,800 6,300 6,400 Salaries Expense Accounts Payable Cash Utilities Expense $129,300 3,500 14,500 25,700 30,000 Equipment Notes payable In addition, the company had common stock of $60,000 at the beginning of the year and issued an additional $15,000 during the year. The company also had retained earnings of $20,000 at the beginning of the year and paid dividends of $3,500. Required: 1. Prepare the income statement Tiffany's for the year ended December 31. TIFFANY'S Income Statement For the year ended December 31 Expenses: Total expenses $ 0 0