2 Your answer is partially correct Try again Prepare an inco

[2] Your answer is partially correct. Try again. Prepare an income statement for the year. Skysong, Inc. did not issue any new stock during the year. Skysong, Inc. Income Statement For tha Year Ended Service Revenue 67.100 Rent Revenue 9,500 76.600 Salaries and wag@§ Expense Supplies Total Net Income/ (Loss) All Rights Reserved. A Division of 2ohn Wiley & SonaIns nt l Privacy poli SAMSUNG

Solution

Note: Your solved the correct but you put the positive figure in net profit which represents profit of $ 3,600 but in actual there is loss of $ 3600  

REVENUE STATEMENT
Particulars	Amount	Amount
Revenue
Sales Revenue	$    67,100.00
Rent Revenue	$      9,500.00
Total Revennue		$    76,600.00
Less: Expenses
Depreciation expenses	$      5,100.00
Salary and Wages Expenses	$    58,500.00
Supplies Expenses	$    16,600.00
Total Expenses		$    80,200.00
Net Income		$     -3,600.00