derstanding roblem instructions for Excel, QuickBooks, and Peachtree from the textbook 21accounting.com eparing an income statement 01,2 A form is given in the Working Papers. The following information is obtained from the work sheet of Lincoln Lawn Service for the month ended January 31 of the current year. 3 BALANCE SHEET INCOME STATEMENT DEBIT CREDIT ACCOUNT TITLE CREDIT DEBIT 411 3.00 15 12 Sales Advertising Expense Cash Short and Over Insurance Expense Miscellaneous Expense 17 Supplies Expense Utilities Expense 13 1 16 2.5 0.00 2.00 475.00 5 800 3 1 900 1 63 00 1 2 67.00 2 8 4 6.00 4 113.00 te 411300 6 2 87 00 19 Net Income 344100 2 8 4 600 20 6 2 87 00 21 21 4 113.00 6 28 7 00 Instructions: 1. Prepare an income statement for the month ended January 31 of the current year. 2. Calculate and record the ratios for total expenses and net income. Round percentage calculations to the nearest 0.1%. aring a balance sheet 103 A form is given in the Working Papers. The following information is obtained from the work sheet of Lee's Home Repair for the month ended January 31 of the current year