Computing Income Cyril’s Bowling Lanes recorded the following revenues and expenses for the month of September:

The local banker wishes to have an income statement for the month of September prepared before approving renewal of a loan to Cyril. Cyril has requested your assistance in preparing an income statement in good form.

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Receipts from bowling $75,000 Receipts from locker rentals 1,200 Receipts from shoe rentals 2,800 Salary expense 43,000 Repairs on lanes and equipment 19,000 Cleaning supplies and materials Gain on sale of used bowling balls 400 650 Building rental expense for September 5,000