After analyzing the data, prepare an income statement for the year ending December 31, 2020. CULLUMBER CO. Income Statement For the Year Ended December 31, 2020 Revenues 91.889 Total Revenue Expenses Salaries and Wages Expense 42.662 Advertising Expense 2.601 Rent Expense 15.026 Utilities Expens 4,479 Total Expenses 22.149 Nit Income Low 69,740 View Policies Show Attempt History Current Attempt in Progress The following information relates to Cullumber Co. for the year 2020. $69,115 $ 2,592 Advertising expense Rent expense 8,639 14.975 Owner's capital, January 1, 2020 Owner's drawings during 2020 Service revenue Salaries and wages expense 4,464 Utilities expense 91,578 42,477