Exercise 2: (2 Marks)

The adjusted trial balance of YWZ Company on December 31, 2017 includes the following accounts:

Accumulated Depreciation, $8,000;

Depreciation Expense, $2,500;

Note Payable $6,500;

Interest Expense $250;

Utilities Expense, $350;

Rent Expense, $820;

Service Revenue, $22,600;

Salaries Expense, $6,000;

Supplies, $300;

Supplies Expense, $1,800;

Wages Payable, $700.

Required:

Prepare an income statement for the month of December.