(Solution) - This information relates to Benser Co for the year 2017 Retained -(2025 Original AI-Free Solution)

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This information relates to Benser Co. for the year 2017.
Retained earnings, January 1, 2017 ................ $67,000
Advertising expense ................................. 1,800
Dividends ............................................. 6,000
Rent expense .......................................... 10,400
Service revenue ....................................... 58,000
Utilities expense ...................................... 2,400
Salaries and wages expense ........................ 30,000
Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2017.