Below are the account balances for Cowboy Law Firm at the end of December. Cash Accounts Balances $ 4,100 Salaries expense 1,550 Accounts payable 2,100 Retained earnings 4,550 Utilities expense 1,200 Supplies Service revenue Common stock 12,500 8,000 4,700 Required: Use only the appropriate accounts to prepare an income statement. Answer is complete but not entirely correct. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Cash Service revenue $ 4,100 $ 8,000 Expenses: Salaries expense 1,550 Utilities expense 1,200 Common stock 4,700 Accounts payable 2,100 Total expenses 9,550 2,550 Net income