(01) Prepare a multiple-step income statement as of February 28, 2017 Skysong Inc. Income Statement For the Month Ending February 28, 2017 Service Revenue 11867 Operating Expenses Utilities Expense Salaries and Wages Expense Insurance Expense Depreciation Expense Bad Debt Expense Supplies Expense Total Operating Expenses Income from Operations Net Income/ (Loss) Trial Balance 2/28/17 Debit Credit sh 8,328 unts Receivable Supplies Prepaid Insurance Prepaid Expenses 220 lowance for Doubtful Accounts 273 Equipment Accumulated Depreciation-Equipment unts Payable 67 Notes Payable Salaries and Wages Payable Interest Payable 1,880 e Taxes Payable 74 earned Service Revenue 351 ommon Stock Paid-in Capital in Excess of Par Value-Common Sto sh Dividends 1,410 sury Stock Service Revenue 11,867 Utilities Expense Salaries and Wages Expense urance Expense Depreciation Expense Bad Debt Expense Supplies Expense 720 473 rest Expense Loss on Disposal of Plant Assets 43 lax Expense 74 Total 35,23 35,234