These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning of year) $35,340 Utilities expense 2,140 Equipment 70,340 Accounts payable 20,230 Cash 14,290 Salaries and wages payable 7,920 Common stock 12,000 Dividends 12,000 Service revenue 70,650 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 3,120 Depreciation expense Accounts receivable 13,630 2,680 Insurance expense 39,650 Salaries and wages expense 21,790 Accumulated depreciation-equipment (a) Prepare an income statement for the year ended December 31, 2017. Waterway Industries Income Statement Prepare an income statement for the year ended December 31, 2017. Waterway Industries Income Statement 4h