The retained earnings

This information relates to Novak Corp. for the year 2017. Retained earnings, January 1, 2017 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $99,160 2,664 8,880 15,392 85,840 3,552 44,400 After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List items that increase retained earnings first.) Novak Corp. Retained Earnings Statement $ $ After analyzing the data, prepare an income statement for the year ending December 31, 2017. Novak Corp. Income Statement For the Year Ended December 31, 2017 Revenues Service Revenue $ 85840 Expenses Advertising Expense $ 2664 Rent Expense 15392 Utilities Expense 3552 Salaries and Wages Expense 44400 Total Expenses 66008 Net Income /(Loss) 19832