The following information relates to Reese's Super Tune Company for the year 2020: Retained earnings, January 1, 2020 $21,770 Advertising expense 765 Dividends paid during 2020 3,250 Rent expense 6,500 Service revenue 68,920 Utilities expense 4,210 Salaries and wages expense 26,375 Supplies Expense 8,165 Required Using the above data, prepare in proper form, with proper headings and dates, the following two statements: 1. Income Statement 2. Retained Earnings Statement.