Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Expenses: Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Balances $4,400 1,700 2,400 4,300 1,100 12,800 Total expenses 8,300 5,000

Below are the account balances for Cowboy Law Firm at the end of December. Required: Use only the appropriate accounts to prepare an income statement