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Three Individuals organized Pest Away Corporation on January 1 to provide Insect extermination services. The company pald dividends of $10,000 during the year. At the end of the first year of operations, the following Income statement was prepared: $192. 24.000 216,00 PEST AWAY CORPORATION Income Statement For the Year Ended December 31 Revenues Service Revenue Sales Revenue Total Revenues Expenses Supplies Expense Salaries and Wages Expense Advertising Expense 04+ice Expense Total Expenses Net Income 76,000 33,00 22,880 46,00 177,000 $ 39,90 Required: 1. Did the company generate more revenue from selling goods or providing services to customers? 2. If salaries and wages were to double, how much net Income would the company report? 3-a. If the company paid $20,000 of its advertising expense during the current year, what amount is owed for advertising at the end of the year? 3-b.In what account would the amount still owing be reported? 4. Would the $10,000 of dividends be reported on the balance sheet or statement of retained earnings? Complete this question by entering your answers in the tabs below. | Req1 Reg 1 Reqz Req 3A Req 3B Req 38 Reg 4 Reg 4 Did the company generate more revenue from selling goods or providing services to customers? Seling goods Providing services to customers Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3A Rey 3B Reg 4 If salaries and wages were to double, how much net income would the company report? Net Income Complete this question by entering your answers in the tabs below. Reg 1 | Rega Reg 2 Rey 3A Req3A Req 3B Req33 Reg 4 Rega If the company paid $20,000 of its advertising expense during the current year, what amount is owed for advertising at the end of the year? Amount Owed Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3A Req31 Reg 3B Req 3B Reg 4 In what account would the amount still owing be reported? Accounts Payable Accounts Receivable Advertisement Outstanding Expense Complete this question by entering your answers in the tabs below. Reg Reg 2 Reg 2 Red 3A Reg za Req 3B Req33 Reg 4 Rega Would the $10,000 of dividends be reported on the balance sheet or statement of retained earnings? Balance Sheet Statement of Retained Earnings