Propiem 2-2 (Part Level Submission) These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation equipment $33,280 2,110 68,280 22,570 15,070 5,840 12,000 12,000 69,290 6,340 1,690 3,490 15,970 2,310 38,290 22,570 Prepare an income statement for the year ended December 31, 2017. (Enter negative amounts using either a negat Sheffield Corp. Income Statement