Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense $ 78,500 1,500 2,600 21,000 22,000 20,000 company issued additional In addition, the balace of cmmon stock at the beginning of the year was $175,000, and the balance of retained earnings was $36,000 During the year, the shares of common stock for $30,000 and paid dividends of $20,000. Required: 1. Prepare an income statement G OKRA COOKING SERVICES Income Statement Expenses $ 2,600 Legal fees expense Postage expense Salaries expense Rent expense Supplies expense 22,000 67,100 Total expenses