Instructions

Indicate on which statement $-$ income statement $($IS$),$ balance sheet $($BS$),$ retained earning statement $($RE$),$ and$/$or statement of cash flows $($SCF$)-$ you would find each of the above accounts or items.

Prepare income statement and retained earnings statement.

This information relates to Benser Co$.$ for the year $2025.$

Retained earnings, January $1,2025,$$$67,000$

Advertising expense $1,800$

Dividends $6,000$

Rent Expenses $10,400$

Service revenue $58,000$

Utlitlies expense $2,400$

Salaries and wages expense $30,000$