Imaging Services was organized on March 1, 20Y5. A summary of the revenue and expense transactions for March follows:

Accounts
Fees earned	$485,000
Wages expense	332,000
Rent expense	34,000
Supplies expense	4,100
Miscellaneous expense	1,700

Required:

Prepare an income statement for the month ended March 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.

Labels
March 31, 20Y5
Expenses
For the Month Ended March 31, 20Y5
Amount Descriptions
Net income
Net loss
Total expenses

Prepare an income statement for the month ended March 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.

Imaging Services Income Statement (Label) 1 2 (Label) 3 4 5 6 7 8