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Dalton Hair Stylists' adjusted trial balance follows. Prepare Dalton's income statement for the year ended December 31, 2018. 

Homework: Chapter 4 Homework 1 [Required] 1 of 10 (0 complete) HW Score: 0%, 00 Score: 0 of 1 pt S4-1 (book/static) i - Data


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Answer #1
Dalton Hair Stylists
Income Statement
Year ended December 31, 2018
REVENUES
Service revenue (a)             13,800
EXPENSES
Rent expenses              3,900
Supplies expenses                 850
Depreciation expenses - Equipment              2,200
Interest expenses              2,300
Total Expenses (b)              9,250
Net Income (a) - (b)              4,550
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