Prepare an income statement for May assuming the following data are not included above: (1) $1,000 worth of services were performed and billed but not collected at May 31, and (2) $1,100 of gasoline expense was incurred but not paid. NIMBUS FLYING SCHOOL Income Statement For the Month Ended May 31, 2017 # Revenues Service Revenue 1,000 Expenses Maintenance and Repai Rent Expense Advertising Expense Utilities Expense Gasoline Expense Total Expenses 600 1,150 750 150 1,100 3,750 Net Income / (Loss)