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Question 2) The following information relates to R. King Co. for the fiscal year. (All dollars are in thousands.) Service revenue $ 52,250 Utilities
Question 2) The following information relates to R. King Co. for the fiscal year. (All dollars are in thousands.) Service revenue $ 52,250 Utilities expense 12,400 Accounts payable 14,000 Salaries expense 24,080 Retained earnings, February 1, 2022 88,715 Advertising expense 5,804 3,501 Dividends 6,540 14,700 Other revenue Rent expense Instructions (in color): After analyzing the data, prepare an income statement and a retained earnings statement (in good form) for the year ending January 31, 2023. Note: since all dollars are in thousands, you can just add "in thousands" as a fourth line to the statement heading to let the user know that all numbers are in thousands. Otherwise, you would have to add 3 zeros to every number to let the user know.
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