Revenue and Expense Recognition

Astrid Transportation Inc., headquartered in Atlanta, Georgia, uses accrual-basis accounting and engaged in the following transactions:

billed customers $2,412,120 for transportation services

collected cash from customers in the amount of $1,381,975

purchased fuel supplies for $1,333,800 cash

used fuel supplies that cost $1,305,490

employees earned salaries of $298,800

paid employees $280,300 cash for salaries

Required:

Determine the amount of sales revenue and total expenses for Astrid's income statement.

Sales Revenue	$
Total Expenses	$