The following information relates to Reese's Super Tune Company for the year 2020: Retained earnings, January 1, 2020 Advertising expense Dividends paid during 2020 Rent expense Service revenue Utilities expense Salaries and wages expense Supplies Expense $21,770 765 1,350 6,325 84,120 6,120 19,405 5,420 Required Using the above data, prepare the following two statements in correct form, with proper headings and dates: 1. Income Statement 2. Retained Earnings Statement.

The following information relates to Reese's Super Tune Company for the year 2020: Required Using the above data, prepare the following two statements in correct form, with proper headings and dates: 1. Income Statement 2. Retained Earnings Statement