Prepare an income statement for each year according to the accrual accounting model. also if you can please explain the utilities part of the income statement

Exercise 11 Accrual accounting LO1-2] Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy Year 1 Year 2 $182,000 $240,000 Amounts billed to customers for services rendered Cash collected from customers 150,000 180,000 Cash disbursements Salaries paid to employees for services rendered during the year 80,000 90,000 30,000 Utilities 25,000 57,000 Purchase of insurance policy In addition, you learn that the company incurred utility costs of $30,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period