Current Attempt in Progress The following information relates to Sheffield Co. for the year 2020. (a) Your answer is correct. After analyzing the data, prepare an income statement for the year ending December 31, 2020. (List items that increase retained earnings first) Question 1 of 20 5/10 For the Year Ended December 31, 2020 Revenues Service Revenue Expenses Salaries and Wages Expense Rent Expense Advertising Expense Total Expenses Net Income / (Loss) eTextbook and Media Solution After analyzing the data, prepare an owner's equity statement for the year ending December 31, 2020. (List items that increase retained earnings first.)