Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger...

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Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20V1: Depreciation Expense $12,200 Fees Earned 990,000 Insurance Expense 5,750 Miscellaneous Expense 6,650 Rent Expense 80,000 Salaries Expense 502,400 Supplies Expense 7,150 Utilities Expense 40,000 Prepare an income statement. Urgent Messenger Service Income Statement For the Year Ended November 30, 20Y1 Fees earned Expenses: Total expenses Net income Net loss x Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20V1: Depreciation Expense $12,200 Fees Earned 990,000 Insurance Expense 5,750 Miscellaneous Expense 6,650 Rent Expense 80,000 Salaries Expense 502,400 Supplies Expense 7,150 Utilities Expense 40,000 Prepare an income statement. Urgent Messenger Service Income Statement For the Year Ended November 30, 20Y1 Fees earned Expenses: Total expenses Net income Net loss x