The following information is for Kon Inc. for the year ended December 31, 2021: Common shares, Jan. 1 $ 20,000 Common shares issued during year 10,000 Retained earnings, Jan. 1 58,000 Office expense 1,600 Dividends declared 5,000 Rent expense 12,400 Service revenue 61,000 Utilities expense 2,400 Salaries expense 30,000 Income tax expense 3,000 5 = Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45) KONINC. Income Statement $ - / 15 III Question 4 of 12