Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors. S. Bhojraj owns 60 percent of the total outstanding stock of 9,100 shares and is the managing executive in charge. On December 31, current year, the folowing financial items for the entire year were determined: commissions earned and collected in cash, $151,100, plus $17,000 uncollected; rental service fees earned and collected, $21,100; salaries expense paid, $62,630; commissions expense paid, $35,; payroll taxes paid, $2,400; rent paid, $2,486 (not including December rent yet to be paid); utilities expense paid, $1,500; promotion and advertising paid, $7,580; income tax paid, $23,300: and miscellaneous expenses paid, $500. There were no other unpaid expenses at December 31. Also during the year, the company paid the owners "out-of- profit cash dividends amounting to $11,700. Complete the following income statement Income Statement Commissions earned Rental service fees Total revenues Salaries expense Commission expense Payroll tax expense Rent expense Utilities expene Promotion and advertising expense Total expenses (excluding income taxes) Pretax income Income tax experse Net income 63,328