eBook Show Me How Calculator Print item Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2011: $12,200 Depreciation Expense Fees Earned Insurance Expense Miscellaneous Expense 990,000 5,750 6,650 80,000 Rent Expense Salaries Expense Supplies Expense 502,400 7,150 40,000 Utilities Expense Prepare an income statement. Urgent Messenger Service Income Statement For the Year Ended November 30, 2011 Expenses: Salaries Expense 502,400 Supplies Expense 7,150 Utilities Expense 40,000 Prepare an income statement. Urgent Messenger Service Income Statement For the Year Ended November 30, 2011 Expenses: Total expenses Check My Work Income Statement FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31: Depreciation Expense $2,631 Fuel Expense 2,399 Maintenance and Repairs Expense 2,108 Other Expense (Income) Net 9,086 Provision for Income Taxes 920 Purchased Transportation 9,966 Rentals and Landing Fees 2,854 Revenues 50,365 Salaries and Employee Benefits 18,581 a. Prepare an income statement. FedEx Corporation Income Statement For the Year Ended May 31 (in millions) Expenses: a. Prepare an income statement. FedEx Corporation Income Statement For the Year Ended May 31 (in millions) Expenses: billi10 Total expenses b. Compare your income statement with the income statement that is available at FedEx's Web site (http://investors.fedex.com). Under Annual Report, select Download PDF. What similarities and differences do you see? The income statements are The actual statement, which is for the year ended May 31