Instructions The assets and abilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained eamings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts Amount Accounts Amount Accounts payable $2,000 Miscellaneous expense $470 Accounts receivable 10,340 Office expense 420 Cash 21,420 Supplies 1,670 Fees earned 78,510 Wages expense 27,040 Land 47,000 Dividends 16,570 Building 157,630 Required: Prepare an income statement for the current year ended March 31. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons () on the income statement.