Income statement

The following account balances were taken from the adjusted trial balance for Shanghai Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2014:

Depreciation Expense

$ 7,250

Rent Expense

$ 36,000

Fees Earned

440,000

Salaries Expense

265,150

Insurance Expense

1,200

Supplies Expense

2,200

Miscellaneous Expense

7,100

Utilities Expense

28,500

Prepare an income statement.