Lawns Corporation has just completed operations for the year ended December 31, 2011. This is the third year of operations for the company. As the sole shareholder, you want to know how well the business performed during the year. To address this question, you have assembled the followingdata:

Insurance expense	$ 5 comma 4005,400	Salary expense	38 comma 00038,000
Service revenue	90 comma 00090,000	Accounts payable	7 comma 3007,300
Supplies expense	900900	Supplies	2 comma 5002,500
Rent expense	18 comma 00018,000	Dividends	39 comma 00039,000

Requirement

1.	Prepare the income statement of Manicured LawnsManicured Lawns Corporation for the year ended December 31, 2011.

Requirement 1. Complete the income statement: (Use parentheses or a minus sign for net losses.)

	Manicured Lawns Corporation
	Income Statement
	Year Ended December 31, 2011