Executives in the United Kingdom make a far higher multiple of first line employees' salaries than executives in the United States

Jeffery Company has just completed operations for the year ended December 31, 2016. This is the second year of operations for the company. The following data have been assembled for the business

Accounts Payable $ 12,200 Office Expense $ 6,500 Accounts Receivable 14,500 Rent Expense 9,600 Cash 8,200 Retained Earnings, Jan. 1, 2016 8,300 Common Stock 9,000 Salaries Expense 36,000 Dividends 13,500 Service Revenue 84,000 Equipment 15,000 Utilities Expense 6,200 Insurance Expense 4,000 Prepare the income statement. Use a proper heading. What will be an ideal response

There is no need to cite your source if you paraphrase the information

Indicate whether this statement is true or false.