3. Steven's Lawn Service had rental revenue of $40,950. Fees for the year ended December 31, 2018, are as follows: Utilities Expense, $7,000; Salaries Expense, $15,300; Miscellaneous Expense, $2,000; and Rent Expense, $12,450. Prepare the company's income statement for the year. Nixon Corp. Income Statement For the Year Ended December 31, 2045 Rental revenue Operating expenses: Salaries expense $15,300 Rent expense 12,450 $40,950 7,000 2,000 Utilities expense Miscellaneous expense Total operating expenses Net income 36,750 $ 4,200