Prepare an income statement for the current year ended March 31

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The common stock was $120,000 and the retained earnings was $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. 143,670 Accounts payable Accounts receivable Cash Fees earned Land Building Miscellaneous expense Office expense Supplies Wages expense Dividends $1,200 12,340 32,990 77,530 65,000 470 410 1,670 34,680 3,000 Prepare an income statement for the current year ended March 31. Thompson Computer Services Income Statement For the Year Ended March 31 Line Item Description Amount Amount Expenses: Total expenses