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WileyPLUS chegg - Bing | edugen.wileyplus.com/edugen/student/mainfr.uni WileyPLUs ileyPLUS | HelpI Contact Us | Log Out WileyPLUS Kimmel, Financial Accounting, 7e Principles of Financial Accounting (ACC 153) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEXT Retained earnings, January 1, 2014 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $67,000 1,800 6,000 10,400 58,000 2,400 30,000 After analyzing the data, prepare an income statement for the year ending December 31, 2014 MOLINA CO Income Statement For the Year Ended December 31, 2014 0 12:33 AM 3/2/2016 Search the web and Windows

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Income statement Service revenue 58000 Less: Advertising expense 1800 Rent expense 10400 Utilities expense 2400 Salaries and wages expense 30000 Net income 13400 Retained earning statement Opening retained earning 67000 Add: Net income 13400 Less: Dividend 6000 Closing retained earning 74400

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