Comprehensive Problem 3-2A te February 2, 1966) and Linda (birthdate August 30, 1971) Long have brought you the following es for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Russell (birthda and expens operated out of their home, located at 1234 Cherry Lane, Nampo, ID 83687. The principal business code is 561730. the following income statement from the landscaping business Lawns and Landscapes Income Statement 12/31/2017 Current Period Prior Period 1/1/2017 to 12/31/2017 1/1/2016 to 12/31/2016 REVENUES Lawn maintenance Lawn and plant installation Other TOTAL REVENUES COST OF SERVICES Salaries $82,345.00 34,568.00 17,097.00 134,010.00 $71,998.00 48,576.00 8,001.00 128,575.00 83,412.00 6,673.00 12,600.00 8,316.00 660.00 7,780.00 119,441.00 14,569.00 78,445.00 6,432.00 10,651.00 8,435.00 200.00 6,790.00 110,953.00 17,622.00 Payroll Taxes Equipment Rental Special Clothing and Safety Shoes Contract Labor TOTAL COST OF SERVICES GROSS PROFIT (LOSS) OPERATING EXPENSES Advertising and Promotion Donations 1,500.00 600.00 4,000.00 2,300.00 120.00 790.00 2,015.00 1,975.00 865.00 1,780.00 15,945.00 $(1,376.00) 700.00 500.00 870.00 2,100.00 120.00 600.00 1,956.00 Meals and Entertainment Subscriptions Business Gifts Training Travel Other TOTAL OPERATING EXPENSES NET INCOME (LOSS) The bookkeeper provided the following additional information 750.00 2,724.00 10,320.00 $7,302.00 . Donations expense is a $600 donation to the Campaign to Re-Elect Senator Ami Dahla. : Training includes $57 5 for an educational seminar on bug control. It also includes the cost for Russell to attend a