Betty Smith is the owner of Accurate Tax Service. For the year ending April 30, 2019, the following information is available for this service business. At the beginning of this accounting period, the balance in the Betty Smith, Capital account was $31,200. Following is a summary of activities during this accounting period: Betty Smith, capital withdrawn: $19,000 Revenue from income tax preparation: $69,900 Revenue from monthly clients: $45,800 Salaries expense: $12,800 Advertising expense: $800 Rent expense: $6,000 Automobile expense: $1,200 Office supplies expense: $7,600. Note: You should assume that all profit (or loss) accrued during this accounting period is absorbed into the Betty Smith, Capital account at the end of the period. Following are the account balances at the end of this accounting period (except Betty Smith, Capital): Cash: $63,200 Accounts receivable: $4,300 Office furniture and fixtures: $10,400 Office machines and computers: $14,000 Automobile: $9,600 Accounts payable: $1,400

Part a

Prepare an income statement for the year ending April 30, 2019.

ACCURATE	TAX SERVICE
INCOME	STATEMENT
Year Ended	April 30, 2019
REVENUE	$enter a dollar amount
EXPENSES
Salaries	$enter a dollar amount
Advertising	$enter a dollar amount
Rent	$enter a dollar amount
Automobile	$enter a dollar amount
Office Supplies	$enter a dollar amount
NET INCOME	$enter a total net income amount

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part b) prepare a balance sheet as of April 30, 2019.