prepapre a statement of retained earnings

Davis Consulting, Inc. Income Statement Month Ended February 28, 20X2 3 $ 17,625.00 5.075.00 Revenue: Sales Revenue Less: Cost of Goods Sold Gross Profit Service Revenue Net Revenue $ 12,550.00 10.200.00 22,750.00 Operating Expenses: Selling Expenses: Salaries Expense Total Selling Expenses 1.963.42 1.963.42 General & Administrative Expenses: Office Supply Expense Rent Expense Utilities Expense Dep. Expense-Equip. Dep. Expense-Furniture Bad debt expense Bank expense Total General & Administrative Expense Total Operating Expenses Operating Income Other Revenues and (Expenses): Interest income Interest Expense Total Other Revenues and (Expenses) NET INCOME 650.00 475.00 700.00 145.00 31.25 225.00 15.00 2.241.25 4.204.67 18,545.33 20.00 12.500,00) (2.480.00) $ 16.065.33 Davis Consulting, Inc. Statement of Retained Earnings Month Ended February 28, 20X2 $ Retained earnings, January 31, 20X2 Net income for February 1 - Dividends declared Retained Earnings, February 28, 20X2 $