Kimmel, Accounting, Ge Brief Exercise 5-7 The following information relates to Karen Weigel Inc. for the year 2017. Retained earnings, January 1, 2017 Dividends during 2017 Service revenue Salaries and wages expense $48,000Advertising expense 5,000 Rent expense 62,500 Utilities expense 28,000 $1,800 10,400 3,100 400 Other comprehensive income (net of tax) [x] Your answer is incorrect. Try again. After analyzing the data, compute net income. Net income / (loss) LINK TO TEXT INTERACTIVE TUTORIAL | Your answer is partially correct. Try again. Prepare a comprehensive income statement for the year ending December 31, 2017 KAREN WEIGEL INC ive Income Statement For the Year Ended December 31, 2017