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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 had

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, 20Y7, the end of the fiscal year:

Depreciation Expense $10,000
Insurance Expense 9,000
Miscellaneous Expense 8,150
Rent Expense 60,000
Service Revenue 634,900
Supplies Expense 4,100
Utilities Expense 44,700
Wages Expense 548,200

Prepare an income statement.

Acorn Health Services Co.
Income Statement
For the Year Ended January 31, 20Y7
Service revenue $fill in the blank 2
Expenses:
$fill in the blank 4
fill in the blank 6
fill in the blank 8
fill in the blank 10
fill in the blank 12
fill in the blank 14
fill in the blank 16
Total expenses fill in the blank 17
$fill in the blank 19

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