Q#1) The following information relates to RBS Co. for the year 2018. Owner's capital, January 1, 2018 $50,000 Advertising expense $ 1,900 Owner's drawings during 2018 5,000 Rent expense 11,000 Service revenue 61,600 Utilities expense 3,100 Salaries and wages expense 28,500 Instructions After analysing the data, prepare an income statement and an owner's equity statement for the year ending December 31, 2018.