P4-49B. (Learning Objectives 2, 4: Reporting comparative amounts on the Income Statement)

Refer to Rupert’s Home Repair Services account balances for 20X4 and 20X5 in P4-48B.

Suppose Rupert decided to show all the accounts on its Income Statement. In addition, Rupert discovered that:

■ Supplies expense in 20X4 and 20X5 contained an item amounting to €800 in each year that is more appropriately classified as advertising expense.

■ Other expenses in 20X4 and 20X5 contained an item amounting to €300 in each year that is more appropriately classified as motor vehicle expense.

Requirements Prepare Rupert’s Income Statement for 20X5 with the appropriate 20X4 comparative amounts.