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1. Prepare an income statement. Depreciation Expense-Equipment 22,300 Rent Expense 18,700 Supplies Expense 13,220 Utilities Expense 11,950 Depreciation Expense-Buildings 7,970 Repairs Expense 6,580 Insurance

  

1. Prepare an income statement. Depreciation Expense-Equipment 22,300 Rent Expense 18,700 Supplies Expense 13,220 Utilities Expense 11,950 Depreciation Expense-Buildings 7,970 Repairs Expense 6,580 Insurance Expense 3,610 Miscellaneous Expense 6,160 1,467,000 1,467,000

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