Business, 02.09.2020 01:01 maricelajacinto3379

Pink Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business. Insurance Expense $2,500Service Revenue 84,000Utilities Expense 1,500Rent Expense 12,000Common Stock 5,500Cash 5,800Retained Earnings, January 1, 2018 4,700Salaries Expense 47,000Accounts Payable 600Office Supplies 1,900Dividends 4,500Accounts Receivable 7,000Equipment 12,600Required:Prepare the income statement of Pink Arrangements for the year ended December 31, 2018.

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Pink Arrangements has just completed operations for the year ended December 31, 2018. This is the th...