The following account balances were taken from the adjusted trial balance for Admiral Messenger Service, a delivery service firm, for the current fiscal year ended April 30, 2008:
|
Depreciation Expense |
$ 5,000 |
Rent Expense |
$ 43,400 |
|
Fees Earned |
375,500 |
Salaries Expense |
125,600 |
|
Insurance Expense |
1,500 |
Supplies Expense |
2,750 |
|
Miscellaneous Expense |
1,250 |
Utilities Expense |
11,500 |
Prepare an income statement.