No. 03 (5 Marks) An inexperienced Accountant for ABC Company prepared the following income statement for the month of January 2021: Revenues: Rental Revenue Brochures Printing News paper Advertising $20,000 $3500 $500 Telephone and utilities $1300 Office supplies $1000 Company registration $150 Interest paid $300 Total Revenue $35,000 Expenses: Revenue Earned $5000 Rent expense $8250 Total expenses $35,000 Income tax $3000 Instructions: Prepare a revised income statement in accordance with generally accepted accounting principles