The income statement for the year 2020 of Fugaro Co contains the following information: Revenues $70,000 Expenses Salaries and Wages Expense $45.000 Rent Expense 12,000 Advertising Expense 10,000 Supplies Expense 6,000 Utilities Expense 2,500 Insurance Expense 2.000 Total expenses 77.500 Net income (loss) S.CZ 500) At January 1, 2020, Fugazi reported retained earnings of $50.000. Dividends for the year totalled $10,000 At December 31, 2020, the company will report retained eamings of O a Salaries and Wages Expense Advertising Expense Cash 500 1,000 1,500 Ob. 500 Salaries and Wages Expense Cash Advertising Expense 1,500 1,000 OC. Cash 1,500 Salaries and Wages Expense Advertising Expense 500 1,000 Od Salaries and Wages Expense Advertisine Franse 500 1 ano