URCES Problem 2-2A These items are taken from the financial statements of Oriole Company for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable $32,370 2,140 67,370 21,210 13,730 4,500 12,000 12,000 71,660 5,000 1,660 3,420 14,610 2,380 Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 40,660 21,230 Prepare an income statement for the year ended December 31, 2017 15