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Three indlviduals organized Pest Away Corporation on January 1 to provide insect extermination services. The company paid dividends of $11,500 during the year. At the

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Three indlviduals organized Pest Away Corporation on January 1 to provide insect extermination services. The company paid dividends of $11,500 during the year. At the end of the first year of operations, the following income statement was prepared: 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 $20,900 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 $11,500 of dividends be reported on the balance sheet or statement of retained earnings? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Did the company generate more revenue from selling goods or providing services to customers? Complete this question by entering your answers in the tabs below. If salaries and wages were to double, how much net income would the company report? Complete this question by entering your answers in the tabs below. If the company paid $20,900 of its advertising expense during the current year, what amount is owed for ad end of the year? Complete this question by entering your answers in the tabs below. In what account would the amount still owing be reported? Complete this question by entering your answers in the tabs below. Would the $11,500 of dividends be reported on the balance sheet or statement of retained earnings

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