The following information relates to La Greca Co. for the year 2019.

Retained earnings, January 1, 2019............$48,000.........Advertising expense.......$ 1,800

Dividends during 2019..............................5,000..................Rent expense........10,400

Service revenue.....................................62,500..............Utilities expense.........3,100

Salaries and wages expense.......................28,000

Instructions

After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2019.