Three individuals organized Pest Away Corporation on January 1 to provide insect extermination services. The company paid dividends of $10,600 during the year. At the end of the first year of operations, the following income statement was prepared: Revenues PEST AWAY CORPORATION Income Statement For the Year Ended December 31 Service Revenue Sales Revenue Total Revenues Expenses Supplies Expense Salaries and Wages Expense Advertising Expense office Expense Total Expenses Net Income $ 204,000 30,000 234,000 79,000 39,000 22,600 49,000 189,600 $ 44,400 Required: 1. Did the company generate more revenue from selling goods or providing services to customers? 2. If salaries and wages were to double, how much net income would the company report? 3-a. If the company paid $21,200 of its advertising expense during the current year, what amount is owed for advertising at the end of the year? 3-b. In what account would the amount still owing be reported? 4. Would the $10,600 of dividends be reported on the balance sheet or statement of retained earnings?