A fire during 2017 destroyed most of the accounting records of Morris Financial Services Inc. The only accounting data for 2017 that Morris can come up with are the following balances at December 31, 2017. The general manager also knows that bad debt expense should be $47,000.

Accounts receivable.......................................................................................... $180,000

Less: Allowance for un-collectibles................................................................... (22,000)

Total expenses, excluding bad debt expense................................................. 670,000

Collections from customers.............................................................................. 840,000

Write-offs of bad receivables.............................................................................. 30,000

Accounts receivable, December 31, 2016........................................................ 110,000

As the insurance claims officer, prepare a summary income statement for Morris Financial Services Inc. for the year ended December 31, 2017. The insurance claim will be affected by whether the company was profitable in 2017. Use a T-account for Accounts Receivable to compute service revenue?