These financial items are for Anna Co Service at year-end, December 31, 2020

Salaries and Wages expense	405,000	Dividends	25,000
Utilities expense	41,000	Retained earnings at the beginning	27,000
Service Revenue	945,000	Accumulated depreciation- Equipment	6,000
Rent revenue	32,400	Depreciation expense	37,200
Share capital - ordinary	60,000

Instructions:

Prepare an income statement for the year ended December 31, 2020