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The following information relates to Reeses Super Tune Company for the year 2020: Retained earnings,...

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Accounting

The following information relates to Reeses Super Tune Company for the year 2020:

Retained earnings, January 1, 2020 $21,770

Advertising expense 675

Dividends paid during 2020 3,000

Rent expense 8,700

Service revenue76,350

Utilities expense 4,810

Salaries and wages expense 34,940

Supplies Expense 11,845

Required After analyzing the above data, prepare in good form with proper headings and dates, the following two statements:

1.Income Statement

2.Retained Earnings Statement.

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