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Problem 4-02A a-e (Part Level Submission) The adjusted trial balance columns of the worksheet for Pina Colada Company are as
(61) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or paren
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Answer #1

rate positively ..

Income statement
Income
Service revenue 60900
Expenses
Advertisement expenses 8200
Supplies expenses 4000
depreciation expenses 5600
Insurance expenses 3000
Salaries and wage expenses 28100
Interest expenses 600
Total expenses 49500
Net income 11400
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