Income statement Obj. 2 The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1:

Depreciation Expense $ 12,200 Rent Expense $ 80,000 Fees Earned 990,000 Salaries Expense 502,400 Insurance Expense 5,750 Supplies Expense 7,150 Miscellaneous Expense 6,650 Utilities Expense 40,000 Prepare an income statement.

AppendixLO1