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3. Stevens 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,
3. Stevens 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 companys income statement for the year.
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