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$50,000 dining the year. Net income for the year is $45,625. Required: Prepare an income statement for the cument your ended Decomber 3t. Reler to

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$50,000 dining the year. Net income for the year is $45,625. Required: Prepare an income statement for the cument your ended Decomber 3t. Reler to the lists of Accounts in me information given, Labeis, and Amount Descriptions for the exact wording or the answer cholces for text entries. Be sure to comiplote the stalevnent hesding. You wit not need to enter colons ( Q on the income statement

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