aYou have been recently appointed as the accountant for Gone

a.)You have been recently appointed as the accountant for Gone Clear Company. Prepare an income statement based on the following transactions:

Service Revenue                      $190,000

Supplies Expense                    $ 80,000

Salary & Wage                        $ 60,000

Administrative Expense          $ 30,000

Miscellaneous Expense           $    5,000

b.)Based on Question above (Gone Clear Company), what would the net income or net loss be if, in addition to the listed expenses, there was an additional $25,000 for office rent?

URGENT: NEED ANSWER ASAP

PLEASE RESPOND WITH COPY AND PASTE, NOT ATTACHMENT USE ORIGINAL CONTENT NOT USED BEFORE ON CHEGG

PLEASE ANSWER THROUGHLY TO ALL ANSWER TO BEST ABILITES ORIGINAL SOURCE NEVER USED BEFORE!!!

Solution

a Service revenue 190000 Expenses: Supplies Expense 80000 Salary & Wages expense 60000 Administrative Expense 30000 Miscellaneous Expense   5000 Total Expenses 175000 Net income 15000 b Net loss = 15000-25000 =-10000