The following revenue and expense account balances were taken from the ledger of Cupcake Services Co. after the accounts had been adjusted on October 31, 2008, the end of the current fiscal year:

Prepare an income statement.objs. 2,3

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Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense $10,000 Service Revenue $163,375 6,000 Supplies Expense 2,875 4,750 Utilities Expense 18,750 51,500 Wages Expense 92,800