This information relates to Tamarisk, Inc. for the year 2017.

Retained earnings, January 1, 2017$87,100Advertising expense2,340Dividends7,800Rent expense13,520Service revenue75,400Utilities expense3,120Salaries and wages expense39,000

(a)

After analyzing the data, prepare an income statement for the year ending December 31, 2017.

Tamarisk, Inc.

Income Statement

December 31, 2017

For the Year Ended December 31, 2017

For the Month Ended December 31, 2017

Dividends

Expenses

Net Income / (Loss)

Retained Earnings, January 1

Retained Earnings, December 31

Revenues

Total Expenses

Total Revenues

$

Dividends

Expenses

Net Income / (Loss)

Retained Earnings, January 1

Retained Earnings, December 31

Revenues

Total Expenses

Total Revenues

$

Dividends

Expenses

Net Income / (Loss)

Retained Earnings, January 1

Retained Earnings, December 31

Revenues

Total Expenses

Total Revenues

Dividends

Expenses

Net Income / (Loss)

Retained Earnings, January 1

Retained Earnings, December 31

Revenues

Total Expenses

Total Revenues

$