Problem 2. The following information relates to Ty Ringo Co for the year 2019. Retained earnings, January 1, 2019 $47,000 Advertising expense $1 500 Dividends 6,000 Rent expense 9.500 Sales revenue 92,500 Utilities expense 3,400 Cost of goods sold - expense 39,000 Salaries expense 20,000 Instructions Prepare an income statement and a retained earnings statement for the year ending December 31, 2019