1. From the partial work sheet for Major Advising below, prepare an income statement. Major Advising Work Sheet (Partial) For Month Ended January 31, 20- Income Statement Balance Sheet ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Cash 1,339 Accounts Receivable 935 Supplies 346 Prepaid Insurance 800 Office Equipment 3,500 Accum. Depr.-Office Equipment 200 Accounts Payable 10,000 Wages Payable 300 Ed Major, Capital 4,100 Ed Major, Drawing Advising Fees 900 4,140 1. From the partial work sheet for Major Advising, prepare an income statement. Major Advising Income Statement For Month Ended January 31, 20- Revenue: Advising fees y 4,135 Expenses: Wages expense 692 X Advertising expense 89.00 Rent expense Supplies expense Phone expense Electricity expense Insurance expense Gas and oil expense Depreciation expense office equipment 182 X