SERVICE ORGANIZATION INCOME STATEMENT Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $50,000, technology costs of

$75,000, and research and development costs of $200,000. Selling expenses were

$10,000, and administrative expenses equaled $35,000. Sales totaled $410,000.

Required:

Prepare an income statement for Allstar for the past month.

Exercises Exercise