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Income Statement

Universal Services was organized on March 1, 2014. A summary of the revenue and expense transactions for March follows:

Fees earned $541,700

Wages expense 276,300

Rent expense 53,600

Supplies expense 16,800

Miscellaneous expense 17,900

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Prepare an income statement for the month ended March 31.

Universal Services

Income Statement

For the Month Ended March 31, 2014

$

Expenses:

$

Total expenses

$