Income statement

after all adjusting normal The ledger of Handy Tools Repairs contains the following balances after entries were made for the year ended December 31, 2016. All accounts have balances Depreciation Expense Cash Advertisement Expense Equipment 1,640 3,900 11,800 14,000 4,000 360 21,000 $9,000 11,000 Accumulated Depreciation, Equipment 6,000 132,000 Insurance Expense Interest Expense J.Smith, Capital Accounts Payable Accounts Receivable Repairs Services Revenue Accrued Expense 2,500 5,500 J. Smith, Withdrawals Merchandise Inventory Note payable (due March 1, 2017) March 1,2017 8.00 6,000 2,300 41,000 73,000 Accrued Revenue Rent Expense Wages Expense Use the following pages for your answers