Exercise 1. Prepare an income statement for Dr. Waters for the year ended December 31, 20... by using the following accounts from the ledger: Income from fees $85 000, Investment Income $9 500; Automobile Expense $1 800; Supplies Expense $4 600; Rent Expense $4 000; Salaries Expense $13 600: Donations Expense $2 500. Exercise 2. Prepare an income statement for Blueberry Cleaners for the month ended October 30, 20.. by using the ledger accounts given here in random order: Salaries $4 000, Advertising $1 000, Telephone Expense $600, Delivery Expense $2 000, Cleaning Revenue $12 000, Office Expense $2 000, Repairs Revenue $1 000, Rent $4 000.