Instructions

The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co$.$ after the accounts had been adjusted on January $31,20Y7,$ the end of the

fiscal year:

Labels: Expenses, January $31,20$Y$7,$ For the Year ended January $31,20$Y$7$

Amount Descriptions: Net income

Net loss

Total expenses

$1.$ Prepare an income statement