Partial comparative income statements are presented below for Commonplace Corporation. COMMONPLACE CORPORATION (Partial) Income Statements For the Years Ended December 31 2018 Service Revenue $724,000 Utilities Expense 39,000 Salaries and Wages Expense 424,000 Rent, Insurance, and Supplies Expense 182,000 Depreciation and Amortization Expense 26,500 Income before Income Tax Expense $ 52,500 2017 $749,000 33,500 479,000 170,500 13,500 $ 52,500 The company's manager provides the following additional information: a. The company received a bill for $4,300 of electricity and other utility services used in December 2018, but recorded it only when paid in January 2019. b. A customer's $24,500 payment was received and included as service revenue on January 2, 2018, even though it was for services performed in December 2017. C. The company ordered $14,500 of supplies in December 2018, but only recorded them when they were received, used, and paid for in January 2019. d. The company did not record December 2016 salaries of $49,000 until the employees were paid on January 2, 2017. Salaries for December 2017 and December 2018 were recorded in the proper years. Required: Using the above information, revise the comparative income statement to report the proper amounts for each year. (Assume all other transactions and events, such as income taxes, have been properly recorded but are just not displayed on the partial income statements.) COMMONPLACE CORPORATION (Partial) Income Statement For the Year Ended December 31 2018 2017 Service Revenue Utilities Expense Salaries and Wages Expense Rent, Insurance and Supplies Expense Depreciation and Amortization Expense Income before Income Tax Expense