Question

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Centerpiece Arrangements.) Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income

Answer 1

Answer

--Requirement asked

Centerpiece Arrangements
Income Statement
for the year ended 31 Dec 2018
Revenues:
Service revenue		$92,000
Expenses:
Insurance expense	$6,500
Utilities expense	$800
Rent expense	$13,000
Salaries expense	$42,000
Total Expense		$62,300
Net Income		$29,700