Prepare an income statement

D Co. had the following balances on their General Ledger on the first month of their business. December 2018. The company is owned by Jake Denver

Rent Expense $50k Advertising Expense $10k D Co. Capital $5m Service Income $1.05m Taxes and Licenses $30k Salaries $195k Cash $2.75m Gas and Oil $20k Utility Expense $15k Guns and Ammunitions $2.5m Accounts Payable $500k Office Equipment $100k Office supplies $30k Communication Equipment $300k D Co Drawing $100k Service Vehicle $300k Accounts Receivable $100k Prepaid Insurance $50k