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Income Statement, Statement of stockholders equity, and Balance Sheet

Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported retained earnings as $32,970, and common stock as $7,500. During the current year, dividends in the amount of $17,500 were paid.

Line Item Description	Amount
Accounts payable	$11,940
Accounts receivable	78,897
Common stock	15,000
Cash	128,993
Fees earned	433,800
Miscellaneous expense	3,370
Rent expense	56,180
Supplies	5,560
Supplies expense	8,990
Utilities expense	33,710
Wages expense	160,510

Instructions:

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1. Prepare an income statement for the current year ended September 30, 20Y6.

Line Item Description	Amount	Amount
Accounts receivableCashCommon stockFees earnedWages expense		$- Select -
Operating expenses:
Accounts payableDividendsFees earnedSuppliesWages expense	$- Select -
Accounts payableAccounts receivableCommon stockFees earnedRent expense	- Select -
Accounts payableCashFees earnedSuppliesUtilities expense	- Select -
Accounts receivableDividendsFees earnedSupplies expenseSupplies	- Select -
Accounts payableAccounts receivableCashCommon stockMiscellaneous expense	- Select -
Total operating expenses		Total operating expenses
Net incomeNet loss		$- Select -

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