Please create an income statement for the following data Sal

Please create an income statement for the following data

Salary expense $32,000

Accounts Payable $7,000

Owners Capital as December 31, 2003 $13,000

Supplies $2000

Withdraw by owner $36,000

Rent Expense $ 8,000

Insurance Expense $4,000

Service Revenue $91,000

Accounts Receivable $ 17,000

Supplies Expense $1,000

Cash $5,000

Fuel Expense $6,000

Solution

Income statement Service Revenue 91000 Less: Expenses          Salaries expense 32000          Rent expense 8000          Insurance expense 4000          Fuel expense 6000          Supplies expense 1000      Total expenses 51000 Net operating income 40000