Waterway Industries began operations on January 1, 2017. The following information is available for Waterway Industries on December 31, 2017 Accounts payable Accounts receivable Advertising expense Cash Common stock Dividends Equipment $9,500 6,500 4,340 7,600 19,500 7,000 31,300 Notes payable Rent expense Retained earnings Service revenue Supplies Supplies expense 16,000 14,500 34,000 6,400 1,360 Prepare an income statement for Waterway Industries Waterway Industries Income Statement or the Month Ended Dec Revenues Service Revenue 4000 Expenses upplies 6400 Supplies Expense 1360 t Expense 14500 otal Expenses Net Income (Loss) Prepare a retained earnings statement for Waterway Industries. (List items that increase retained earnings first.) 2260 11740