EX 4-5 Income statement
The following account balances were taken from the adjusted trial balance for On-Time Messenger Service, a delivery service firm, for the current fiscal year ended April 30, 2012:
|
Depreciation Expense |
$6,400 |
Rent Expense |
$48,400 |
|
Fees Earned |
340,000 |
Salaries Expense |
171,040 |
|
Insurance Expense |
1,200 |
Supplies Expense |
2,200 |
|
Miscellaneous Expense |
2,600 |
Utilities Expense |
18,560 |
Prepare an income statement.