Partial comparative income statements are presented below for Commonplace Corporation.

COMMONPLACE CORPORATION
(Partial) Income Statements
For the Years Ended December 31
	2021	2020
Service Revenue	$725,000	$750,000
Utilities Expense	40,000	34,000
Salaries and Wages Expense	425,000	480,000
Rent, Insurance, and Supplies Expense	183,000	172,000
Depreciation and Amortization Expense	27,000	14,000
Income before Income Tax Expense	$50,000	$50,000

The companys manager provides the following additional information:

The company received a bill for $4,400 of electricity and other utility services used in December 2021, but recorded it only when paid in January 2022.

A customers $25,000 payment was received and included as service revenue on January 2, 2021, even though it was for services performed in December 2020.

The company ordered $15,000 of supplies in December 2021, but only recorded them when they were received, used, and paid for in January 2022.

The company did not record December 2019 salaries of $50,000 until the employees were paid on January 2, 2020. Salaries for December 2020 and December 2021 were recorded in the proper years.

Required:

Using the above information, revise the comparative income statement to report the proper amounts for each year. (Assume all other transactions and events, such as income taxes, have been properly recorded but are just not displayed on the partial income statements.)