Arrangement of the Statement of Earnings

Kim Renovation Inc. renovates historical buildings for commercial use. During $2022,$ Kim had $$796,150$ of revenue from renovation services and $$7,200$ of interest income from miscellaneous investments. Kim incurred $$222,900$ of wages expense, $$127,800$ of depreciation expense, $$44,050$ of insurance expense, $$109,300$ of utilities expense, $$31,000$ of miscellaneous expense, and $$61,400$ of income tax expense.

Required:

Prepare a single$-$step statement of earnings for Kim for $2022.$

Kim Renovation Inc.

Statement of Earnings

For the Year Ended December $31,2022$

Revenues:

$$-$ Select $-$

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Total revenues $fill in the blank $5$

Expenses:

$$-$ Select $-$

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Total expenses fill in the blank $18$

Net income $fill in the blank $19$