a. Prepare Life Photography's income statement. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Net Income Data table Insurance Expense 14,000 Accounts Receivable $ 5,000 Cash 38,000 Notes Payable 10,000 Accounts Payable 9,000 Wood, Capital, Dec. 31, 2018 ? Advertising Expense 3,500 Salaries Expense 22,000 Service Revenue Wood, Withdrawals 85,000 Equipment 67,500 16,000 Owner contribution 34,000 Print Done