6:13 questions. Prepare an Income Statement for Elaine's Beauty Salon. Use the following information: The statement is for the year ending December 31, 20XX Rent cost $1,900 Sales Revenues totaled $4,300 Cost of Goods Sold was $2,000 Utilities cost $600 Service Revenues totaled $48,000 The company paid out $12,000 in wages REVENUE Sales Revenue Service Revenue Total Revenue Elaine's Beauty Salon Income Statement Year Ended December 31, 200X Less Cost of Goods Sold Gross Profit EXPENSES Wage Expense Rent Expense Utilities Expense Total Expenses NET INCOME Complete a Balance Sheet for Harvey's Rabbit Supply, dated