The following information relates to Coronado Co. for the year 2020. Owner's Capital, January 1, 2020 $66,000 Advertising expense $8,500 Drawings during 2020 7,700 Rent expense 10,500 Service revenue 68,500 Utilities expense 3,500 Salaries and wages expense 31,000 (a) After analyzing the data, prepare an income statement for the year ending December 31, 2020. (List items that increase retained earnings first.) CORONADO CO. Income Statement > > 5