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This information relates to Pharoah Company for the year 2017.

 This information relates to Pharoah Company for the year 2017.

 Retained earnings, January 1, 2017 $100,500

 Advertising expense 2,700

 Dividends 9,000

 Rent expense 15,600

 Service revenue 87,000

 Utilities expense 3,600

 Salaries and wages expense 45,000


 After analyzing the data, prepare an income statement for the year ending December 31, 2017.

 After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List iterms that increase retaine eamings first.)


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