Homework Answers
Income statement
| Revenues | ||
| Service revenue | 220,000 | |
| Total revenues | 220,000 | |
| Expenses | ||
| Supplies expense | 32,000 | |
| Salaries expense | 150,000 | |
| Utilities expense | 8,200 | |
| Insurance expense | 12,000 | |
| Repair expense | 14,000 | |
| Total expenses | - 216,200 | |
| Net income | $3,800 |
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