ASTROMECH TRAVEL COURT Income Statement For the Quarter Ended June 30, 2014 Revenues Rent revenue $212,000 Operating expense Advertising expense $ 3,800 Salaries and wages expense 80,500 Utilities expense 900 Depreciation expense 2,700 Maintenance and repairs expense 4,300 Total operating expenses 92,200 Net income $119,800 Close the temporary accounts on the journal paper