QUESTION 24 I The following information relates to Ahmed Co. for the year 2019. Retained earnings, January 1, 2019 $ 47,000 Advertising expense $1,500 Common stock 20,000 Prepaid expenses 5,000 Dividends 6,000 Rent expense 9,500 Service revenue 65,500 Utilities expense 3,400 Salaries and wages expense 29,000 Accounts receivables 10,500 Instructions After analyzing the data, prepare an income statement for the year ending December 31, 2019