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dugen.wileyplus.com/edugen/Iti/main.uni Classroom by Goo... nment W Dogwood Elementa. W Library Glogs Dog- W Databases and Re
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Answer #1
BRAMBLE DESIGN
Income Statement
For the year ended December 31, 2020
       
REVENUES (a)        
Service revenue             62,315
            62,315
EXPENSES (b)        
Salaries & wages expenses             12,115
Insurance expenses              1,054
Interest expenses                 584
Depreciation expenses              9,800
Supplies expenses              3,400
Rent expenses              4,000
Total expenses                 30,953
       
Net Income (a) - (b)                 31,362
       
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