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, 20Y1:

Depreciation Expense	$9,700
Fees Earned	515,100
Insurance Expense	1,840
Miscellaneous Expense	3,880
Rent Expense	73,700
Salaries Expense	259,000
Supplies Expense	3,300
Utilities Expense	28,100

Prepare an income statement for Urgent Messenger Service.

Urgent Messenger Service Income Statement For the Year Ended November 30, 20Y1 Fees earned

Expenses:

Salaries expense

Rent expense

Utilities expense

Depreciation expense

Supplies expense

Insurance expense

Miscellaneous expense

Total expenses

Net income