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After analyzing the data, prepare an income statement for the year ending December 31, 2020. Sheffield Corp. Income Statement For the Year Ended December 31, 2020 v v $ VThe following information relates to Sheffield Corp. for the year 2020. Retained earnings, January 1, 2020 $63,360 Advertising expense $ 2,376 Dividends during 2020 6,600 Rent expense 13,728 Service revenue 82,500 Utilities expense 4,092 Salaries and wages expense 36,960