You have just been hired to prepare, if possible, an income statement for the year ended December 31, 2022, for Roger’s Window Washing Company. The problem is that Roger kept only the following records (on the back of a piece of cardboard):
Assume that Roger’s Window Washing Company records all revenues when earned and all expenses when incurred. You feel that it is part of your job to tell Roger how to organize his records better. What would you tell him?

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Money in: Window cleaning My investment Loan from brother-in-law. Money out: Salaries $11,376 1,200 4,000 $5,080 6,200 1,400 Withdrawals Supplies expense What Iowe or they. owe me. A. People that work for me, but I still owe salaries to $1,800 B. Owe bank interest of $300 C. Work done bat clients still owe me $2,900 D. Advertising bill due but not paid $95