T244 Homework CHPT 1 S21.docx (25.4 KB) Page 2 > of 3 200 Problem #3: This Information relates to Hanson Co. for the year 2020. Retained earnings, January 1, 2020 $65,000 Advertising expense 1,600 Dividends 5,000 Rent expense 10,600 Service revenue 57,000 Utilities expense 1,400 Salaries and wages expense 32,000 Required: Prepare an income statement and a retained earnings statement for the year ending December 31, 2020, (Complete the shaded cells following illustrations 14 and 1.5 (pgs. 1-10 and 1-11 of text book)), HANSON CO. Income Statement For the Year Ended December 31, 2020 Revenues MacBook Pro . & $ % 5 ) 0 . 6 7 8 4 00 9 P 1 0 E R Y T U D F G J H Homework CHPT 1_S21.docx T244 Homework CHPT 1_S21.docx (25.4 KB) Page 2 > of 3 - ZOOM + For the Year Ended December 31, 2020 Revenues Expenses $ Total Expenses Net Income $ HANSON CO. Retained Earnings Statement For the Year Ended December 31, 2020 Retained earnings, January 1 Add: Less: Retained earnings, December 31