Prepare a Income Statement similar to the one presented on page 33 of your textbook This is an income statement by Nature of Items Be sure to show excel formulas next to your dollar answers Not all accounts listed may apply \begin{tabular}{|l|r|} \hline Revenue & $50,000.00 \\ \hline Cash & $35,000.00 \\ \hline Accounts receivable & $40,000.00 \\ \hline Salaries Expense & $1,000.00 \\ \hline Salaries Payable & $2,000.00 \\ \hline Payroll taxes & $3,000.00 \\ \hline Employee Benefits & $4,000.00 \\ \hline Rent Expense & $5,000.00 \\ \hline Rent Payable & $6,000.00 \\ \hline Telephone Expense & $7,000.00 \\ \hline Telephone Payable & $8,000.00 \\ \hline \end{tabular}