Fred's Tailoring Service Account Balances Feb 28

Utilities expense 22,000

Supplies expense 30,000

Short-term notes payable 3,000

Accounts Receivable 2,000

Rent expense 24,000

Computers 4,000

Retained Earnings 104,000

Marketing expense 10,000

Cash 133,000

Wages expense 100,000

Accounts Payable 1,000

Common Shares 30,000

Sewing Machines 15,000

Dividends 43,000

Tailoring Revenue 245,000

construct an income statement for Fred's Tailoring Service