The following information relates to Karen Weigel Inc. for the year 2017.

Retained earnings, January 1, 2017		$48,000		Advertising expense		$1,800
Dividends during 2017		5,000		Rent expense		10,400
Service revenue		62,500		Utilities expense		3,100
Salaries and wages expense		28,000		Other comprehensive income (net of tax)		400

After analyzing the data, compute net income.

Net income / (loss)

$

Prepare a comprehensive income statement for the year ending December 31, 2017.

KAREN WEIGEL INC. Comprehensive Income Statement December 31, 2017For the Year Ended December 31, 2017For the Month Ended December 31, 2017
DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, January 31SalesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)		$
DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, January 31SalesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Comprehensive Income / (Loss)Comprehensive Income / (Loss)		$