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Previous Next Options Weygandt, Financial Accounting, 10e Help I Systern Announcements Exercise 1-15 Presented below is financial information related to the 2019 operations of skysong Company. Maintenance and repairs expense Utilities expense Salaries and wages expense Advertising expense Ticket revenue 90,500 13,500 137,500 2,500 333,500 Prepare the 2019 income statement for Skysong Company Skysong Company Income Statement

Solution

Income Statement For the year ended December 31,2019 Revenue Ticket revenue 333500 Expenses: Maintenance and repairs expense 90500 Utilities expense 13500 Salaries and wages expense 137500 Advertising expense 2500 Total expenses 244000 Net income 89500