Jeffery Company has just completed operations for the year ended December 31, 2016. This is the second year of operations for the company. The following data have been assembled for the business.

Accounts Payable	$ 12,200	Office Expense	$ 6,500
Accounts Receivable	14,500	Rent Expense	9,600
Cash	8,200	Retained Earnings, Jan. 1, 2016	8,300
Common Stock	9,000	Salaries Expense	36,000
Dividends	13,500	Service Revenue	84,000
Equipment	15,000	Utilities Expense	6,200
Insurance Expense	4,000

Prepare the income statement. Use a proper heading.