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This information relates to Alexis Co. for the year 2012.
Retained earnings, January 1, 2012
$67,000
Advertising expense
1,800
Dividends paid during 2012
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, 2012.
describe and discuss the regulatory framework changes that took place during the last couple of years in the euro area banking and financial markets.
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