INCOME STATEMENT On-Point Delivery Service has just completed operations for the year ended December 31, 20x3. This is the third year of operations for the company. As the proprietor of the business, you want to know how well the business performed during the year. You also wonder where the business stands financially at the end of the year. To address these questions, you have assembled the following data: heet Assignments 59 $32,000 Insurance expense.. S 4,000 Salary expense Accounts payable . Owner, capital .. 7,000 Accounts receivable 17,000 13,000 Supplies expense 1,000 2,000 Cash . 5,000 pense.. 6,000 December 31, 20x2 Withdrawals by owner.... 36,000 Fuel ex Rent expense ..8,000 Prepare the income statement of On-Point Delivery Service for the year ended December 3 2h3. Follow the format shown in Exhibit B of Assignment 3. The income statement will measure the business's performance for the year