& Practice Assignment Gradebook ORION Do ble eTextbook Assignment RCES Problem 2-2A These items are taken from the financial statements of Bonita Industries for 2017. Retained earnings (beginning of year) $33,900 Study Utilities expense 2,130 Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 68,900 23,270 11,250 4,260 12,000 12,000 71,860 4,760 1,670 3,110 16,670 2,690 40,860 18,750 Prepare an income statement for the year ended December 31, 2017 Bonita Industries Income Statement