Accounts payable Accounts receivable The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock Cash Fees earned Land Building $2,000 Miscellaneous expense 10,340 Office expense 21,420 Supplies 73,450 Wages expense 47,000. Dividends 157,630 Prepare an income statement for the current year ended March 31. Thompson's Computer Services Income Statement For the Year Ended March 31 Expenses: Total expenses 100 $1,000 1,240 1,670 23,550 16,570