Cash Accounts Receivable Supplies $ 5,500 800 2,800 Equipment 14,400 Accounts Payable 6,200 Common stock 7,100 Retained Earnings, December 1 6,000 Dividends 1,400 Services Revenue 16,200 Wages Expense 8,000 Rent Expense 1,700 Utilities Expense 900 QS 1-15 (Algo) Preparing an income statement LO P2 Use the above information to prepare a December income statement for Hawkin. Answer is complete but not entirely correct. HAWKIN Income Statement For Month Ended December 31 Revenues Services revenue Expenses Rent expense $ (1,700) Utilities expense (900) Wages expense (8,000) Common stock (16,200) Total expenses Net income $ 16,200 + (26,800) $ (10,600)