Instructions The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $7,900 Insurance Expense 3,600 Miscellaneous Expense 8,600 Rent Expense 58,000 Service Revenue 449,200 Supplies Expense 2,650 Utilities Expense 34,000 Wages Expense 353,000 Prepare an income statement. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titles. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons () on the income statement. X Chart of Accounts h VH 0 CHART OF ACCOUNTS Wholistic Health Services Co. General Ledger Pr e ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Office Equipment 16 Building 17 Accumulated Depreciation LIABILITIES 21 Accounts Payable 22 Wages Payable 23 Unearned Revenue REVENUE 41 Service Revenue EXPENSES 51 Wages Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Utilities Expense 56 Insurance Expense 57 Miscellaneous Expense X Chart of Accounts 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Office Equipment 16 Building 17 Accumulated Depreciation LIABILITIES 21 Accounts Payable 22 Wages Payable 23 Unearned Revenue EXPENSES 51 Wages Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Utilities Expense 56 Insurance Expense 57 Miscellaneous Expense EQUITY 31 Stacy Tanner, Capital 32 Stacy Tanner, Drawing 33 Income Summary X Labels and Amount Descriptions Labels Expenses February 28, 2019 For the Year Ended February 28, 2019 Amount Descriptions Net income Net loss Total expenses X Income Statement X Prepare an income statement. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titles. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement. 1 2 (Label) 3 4 5 6 Wholistic Health Services Co. Income Statement (Label)