Presented below is financial information related to the 2022 operations of Sea Legs Cruise Company.
Rent expense ..................................................... $ 95,000
Utilities expense ................................................ 13,000
Salaries and wages expense ............................ 142,000
Advertising expense .......................................... 24,500
Service revenue .................................................. 410,000

Instructions
Prepare the 2022 income statement for Sea Legs Cruise Company.