The Following Information Relates to Bonnie Billy Co Instructions
After Analyzing the Data, Prepare an Income Statement and Year

The following information relates to Bonnie Billy Co. for the year 2018. $\begin{array}{lr}\text { Retained earnings, January } 1,2018 & \$ 67,000&\text { Advertising expense } & \$ 6,500 \\\text { Dividends } & 6,000 &\text { Rent expense } & 9,500\\\text { Service revenue } & 65,500 &\text { Utilities expense } & 1,400\\\text { Salaries and wages expense } & 29,000\end{array}$
Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2018