Exercise 1-46 (Algorithmic) Income Statement ERS Inc. maintains and repairs office equipment. ERS had an average of 10,000 shares of common stock outstanding for the year. The following income statement account balances are available for ERS at the end of 2019. Advertising expense Depreciation expense (on service van) Income taxes expense Interest expense $24,090 16,250 15,150 10,100 Rent expense 58,400 Insurance expense 11,900 Salaries expense (for administrative personnel) 195,600 Service revenue 934,300 Supplies expense 66,400 Utilities expense 26,100 Wages expense (for service technicians) 448,300