Income Statement

R & S Feedlot needs to complete an income statement for the period ending on December $31$ of

this year. During the period, the feedlot sold market cattle for $$44,000$ and spent $$12,263$ to

purchase livestock for resale. Feed cost the business $$16,874,$ and veterinary expenses were

$$628.$ Rent and utility payments were $$774.$ Depreciation was figured at $$6,050.$ The sale of

capital assets resulted in a loss of $$1,200.$

$($You do not have to actually fill out this table as I realize it will not let you type in it so you can type

revenue, cash expenses, non$-$cash ect.$)$

INCOME STATEMENT