My Company Inc. Income Statement For the Year Ended December 31, 2021 Revenue Net Sales Cost of Goods sold Gross Profit $628,500.00 200,115.00 | 428,385 Advertising Expense Amortization Expense Rent Expense Supplies Expense Utilities Expense Vehicles Repair Expense Wages Expense Total Expenses Net Income $4,5675.00 9,500.00 30,000.00 1,200.00 4,500.00 1,770.00 325,000.00 376,545.00 $51,840.00 My Company Inc. Statement Of Retained Earnings For the Year Ended December 31, 2021 Retained Earnings, January 1 $36,500.00 Add: Net Income 1 51 ,840| Subtotal 88,340 Less: Cash Dividends Common 34,000 Cash Dividends - Preferred B 1 10,000 44,000 Retained Earnings, December 31 1 44,340