Prepare an income statement for Austin Enterprises for the year ended December 31. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the income statement.

During the current year. Austin Enterprise shareholders imabed $8,000 in the busi nas. Based on the fol lowing end-m'year spreadsheet. m Erkpris - Lia's Er-oflhlnd WM Expens mmhmmm FortheaarEnded DeoemberBi r i Tlid E I | S E I 3 Amount Dacrigions Net income Meant TI'IIE Bait Quit Bait Quit Ddit Quit Net loss 05:1 33.51} 25.51} Total expens mantis Hanan-die 7111} 7111} 34:15 1.001: 1.001: W 18.50:: 13.50:: Wmimmrui Msesfarleyearmdedm3l. 325m bomn'ptebe the W W-m- 5111} 5-\" - mt heaving. Refer! the lists ofaaounts in the inm'natian given, label's, andrmttksaiptions for mm 11M} 11M} tfleexactmtngofteansmrdnfoeshrhextmies. You wirlotneedmenbaraotonsfjonteim slam. \"has Pay-die 1.011: mm Gunnm Stud: Mn} all!) R . E . 2m 2m Austin Enterpns Imnme Statement [initials Zl11} ZI11} (La bel) FEE aired $.51} $.51} 1 \"We: Ema-Be 1911]} 19.\" 1 [Label] Rat Ema-Be T111} 1m} 3 Daieu'im Expats! 3.51} 3.51} 4 Tons 84.500 34.50:: 29.501} 59.501: 55.001: mom 5 Net Imcme (LEE: mm mm 5 $ 51} $.51} 55 I11} 55 I11} 1 Required: Wmimmhunmsesbrwwmm3l.Semhommlehelestam MmRehrmlesls JAMIE?"winbnraongim,tabds,mlddrmmtesaipw5forwexadmrgofw mmdlaimsbrbextenhiei You willnotneedboenbaraolonsonlenandatstabmm