company ative expensewhich costs $6 ? Pump which sells to H u lin Pump which sells for $32. Last year the company sold mps, each of which costs $6 to produce. Jackson Inc. Incurred selling and administrative expenses of $80,000 and depreciation expense of $10,000. In addition, the company has a $100,000 loan outstanding at 12% Interest rate. The tax rate is 0. Prepare an Income Statement nenue statement les $50,000 The company, Sweet Home Care, a for-profit business, had net income of $1,500,000 and it distributed $500,000 to owners in the form of dividends. The beginning balance in Retained Earnings was $12,000,000. Please prepare Retained Earnings Statement for Sweet Home Care. Retained Earnings Statement RIE Net Income subtotal Dividends RIE 1,500,000 1,500,000 (Sa0000) 2000,000