4. INCOME STATEMENT On-Point Delivery Service has just completed operations for the year ended December 31, 20x3. This is the third year of operations for the company. As the proprietor of the business you want to know how well the business performed during the year. You also wonder where the business stands financially at the end of the year. To address these questions, you have assembled the following data: 59 $32,000 7,000 Spreadsheet Assignments Salary expense Accounts payable Owner, capital December 31, 20x2 Supplies Withdrawals by owner Rent expense Insurance expense Service revenue Accounts receivable Supplies expense 13,000 2,000 36,000 8,000 $ 4,000 91,000 17,000 1,000 5,000 6,000 Cash Fuel expense Prepare the income statement of On-Point Delivery Service for the year ended December 31, 20x3. Follow the format shown in Exhibit B of Assignment 3. The income statement will measure the business's performance for the year