Beautiful arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data has been assembled for the business. Prepare the income statement of beautiful arrangements for the year ended December 31, 2024

i Data Table x $ 1.000 $ 37,000 Inspirance Expense Service Revenue Utilities Expense Rent Expense 74,000 3,600 1,100 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 2.000 4,500 7,000 8.000 Common Stock 4.000 Cash 3,800 30.200 Retained Earnings, January 1, 2024 5,000 Print Done