On January 1, 2014, Brad Thomas invested $30,000 in Thomas Repairs. During 2014, Brad withdrew $17,000 for personal use. Thomas Repairs reports the following balances on December 31, 2014:Accounts receivable $ 9,000Accounts payable 4,200Service revenue 25,550Land 4,000Rent expense 4,500Note payable 3,800Supplies 900Brad Thomas, Capital, Jan. 1, 2014 0Salary expense 9,650Cash 18,500Brad Thomas, Withdrawals 17,000 Prepare an income statement for the year ended December 31, 2014.

Give a complete, meaningful, detailed, accurate and correct answer