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Operating expen Advertising expense Salaries and we expense Us expo Depreciation expense Maintenance and repair expense Toperating expenses Net $121.210 Betty suspected that something was

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Operating expen Advertising expense Salaries and we expense Us expo Depreciation expense Maintenance and repair expense Toperating expenses Net $121.210 Betty suspected that something was wrong with the statement cause et income had never exceeded $30,000 in any one arter knowing that you are an experienced accountant, whes you to review the income teme You took the trial balance in a t to the account balances reported above in the income watement the trib e on the following additional selected the 30, 2017, Prepaid Insuran Notes able 69,035 14.400 14.000 You then make inquiries and discover the following 1. Roadside rent revenues include advanced rental payments received form er pancy in the amount of $57,960 2. There were $1,90 of supplies on hand at June 10 Pregadinance resulted from the payment of a one-year poney on Apr , 2017 Thema 2012 the d i g dering for the week of June 24, 3110; repairs made Sune 13, 14,495; and time for the month of June, 235 5. Wages expenses $100 per day. Al lunesfour days' wages have been incurred but not paid The rote payable note dated May 1, 2017, and due only 31, 2017 Income tax of $14,315 for the quarter is due in My but has not yet been recorded Prepare a correct income statement for the quarter ended June 30, 2017. ROADSIDE TRAVEL COURT Income Statement

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