ABC, INC. Income Statement For the Year Ending December 31, 2016 Revenue Consulting income $866,689 Interest income 4,231 Rental income 9,000 Dividend income* 8,234 Long-term capital losses (8,200) Total revenue $879,954 Expenses Salaries and wages (nonowners) $253,000 Officers' salaries Bob 225,000 Sally 150,000 Depreciation 21,973