Question: This information relates to Molina Co. for the year 2014. Retained earnings, January 1, 2014.....$67,000 Advertising expense.......... 1,800 Dividends.............. 6,000 Rent expense............ 10,400 Service revenue...........

This information relates to Molina Co. for the year 2014.

Retained earnings, January 1, 2014.....$67,000

Advertising expense.......... 1,800

Dividends.............. 6,000

Rent expense............ 10,400

Service revenue........... 58,000

Utilities expense........... 2,400

Salaries and wages expense....... 30,000

Instructions

After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31,2014.


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