Question: This information relates to Denson Co. for the year 2010. Retained earnings, January 1, 2010 ......... $64,000 Advertising expense ............... 1,800 Dividends paid during 2010

This information relates to Denson Co. for the year 2010.
Retained earnings, January 1, 2010 ......... $64,000
Advertising expense ............... 1,800
Dividends paid during 2010 ........... 6,000
Rent expense ................. 10,400
Service revenue ................ 53,000
Utilities expense .................. 2,400
Salaries expense .................. 30,000

Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2010.

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