Accounting for investment and international operations (step by step excel example) spreadsheet assignment

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: Spreadsheet Assignments Salary expense ... 59 Accounts payable . ..... $32,000 Insurance expense . .... Owner, capital 7,000 Service revenue $ 4,000 . . . . ... 91,000 December 31, 20x2 ... 13,000 Accounts receivable . ... Supplies ...... 2,000 Supplies expense 17,000 1,000 Withdrawals by owner .... 36,000 Cash .. . . . . . . Rent expense . . 8,000 Fuel expense . . . . . . .. 5,000 6,000 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