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Exercises 41 Instructions Determine the missing amounts. E1-12 The following information relates to Karen Weigel Co. Ltd. for the year 2017. Retained earnings, January 1,

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Exercises 41 Instructions Determine the missing amounts. E1-12 The following information relates to Karen Weigel Co. Ltd. for the year 2017. Retained earnings, January 1, 2017 48,000 Advertising expense 1,800 Dividends during 2017 5,000 Rent expense 10,400 Service revenue 62,500 Utilities expense 3,100 Salaries and wages expense 28,000 Other comprehensive income 400 Instructions After analyzing the data, prepare (a) an income statement, (b) a comprehensive income statement, and (c) a retained earnings statement for the year ending December 31, 2017. Prepare income statement comprehensive income state- ment, and retained earnings statement (LOS)

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