Reference Pink Arrangements Income Statement Year Ended December 31, 2018 Revenues: $ 80,000 $ 42,000 Service Revenue Expenses: Salaries Expense Rent Expense Insurance Expense Utilities Expense 9,000 5,000 1,500 Total Expenses 57,500 22,500 $ Net Income Print Done i Reference Pink Arrangements Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 $ 5,300 22,500 Net income for the year Dividends 27,800 (4,600) 23,200 Retained Earnings, December 31, 2018 Print Done Data Table - X $ $ Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock 5,000 80,000 1,500 9,000 7,500 5,600 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 42,000 9,300 2,300 4,600 3,000 29,100 Cash Retained Earnings, January 1, 2018 5,300 Print Done Assets Liabilities Stockholders' Equity