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Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2017, the end of the fiscal year: Depreciation Expense $19,400 Insurance Expense 9,510 Miscellaneous Expense 7,570 Rent Expense 78,400 Service Revenue 372,500 Supplies Expense 4,660 Utilities Expense 29,880 Wages Expense 292,900 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 20Y7 Expenses: Total expenses 100
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