Revenues will retained earnings, and expenses will retained earnings.

Increases, decreases

Explanation:

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

Plus, the revenues would be increases the retained earnings balance while the expenses will decrease the retained earnings because these two items is come under the income statement.

The revenues are shown on the credit side whereas the expenses are shown on the debit side of the income statement.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

answer; sprint;