Select the Financial Statements option of the Reports menu. Select Income Stmnt. An Options dialog box will appear asking you to define the information you want displayed. Press the OK button to accept the defaults and display the report on your screen. Your screen will look something like this: LO.1

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Revenues Fees Eamed Total Revenues Current Month The Zell Company- Student Name Income Statement For the One Month Ending January 31, 2001 Year to Date 2,600.00 100.00 $ 2,600.00 100.00 2,600.00 100.00 2,600.00 100.00 Cost of Sales Total Cost of Sales 0.00 0.00 0.00 0.00 Gross Profit 2,600.00 100.00 2,600,00 100.00 Expenses Rent Expense 250.00 9.62 250.00 9.62 Salaries Expense 800.00 30.77 800.00 30.77 Telephone Expense 150.00 5.77 150.00 5.77 Office Supplies Expense 175.00 6.73 175.00 6.73 Dept. Expense- Office Equip. 50.00 192 50.00 192 Depr. Expense- Automobile 150.00 5.77 150.00 5.77 Total Expenses 1,575.00 60.58 1,575.00 60.58 Net Income 1,025.00 39.42 $ 1,025.00 39.42