The following account balances were taken from the adjusted trial balance for Admiral Messenger Service, a delivery service firm, for the current fiscal year ended April 30, 2008:

Prepare an income statement.objs. 2,3

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Depreciation Expense Fees Earned $ 5,000 375,500 Rent Expense Salaries Expense Insurance Expense 1,500 Supplies Expense Miscellaneous Expense 1,250 Utilities Expense $ 43,400 125,600 2,750 11,500