Following are the financial statement data for Degen Temprary Services at December 31, 2015. Prepare Degen's income statement acct payable $850 acct rec. 780 cash 425 common stock 600 dividends 200 insurance expense 75 office equipment 1,500 retained earnings Jan.1,2015 370 salary expense 525 notes payable 40 service revenue 1,750 inventory 35 supplies expense 50