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Sheridan Company, a ski tuning and repair shop, opened on November 1, 2021. The company carefully kept track of all its cash receipts and cash

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Sheridan Company, a ski tuning and repair shop, opened on November 1, 2021. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30,2022. The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The part-time helper is owed $355 at April 30, 2022, for unpaid wages. At April 30, 2022, customers owe Sheridan Company $490 for services they have received but have not yet paid for. (a) Prepare an accrual-basis income statement for the 6 months ended April 30,2022. SHERIDAN COMPANY Income Statement For the Six Months Ended April 30, 2022 Revenues Service Revenue Expenses $31490 Rent Expense $ Advertising Expense Utilities Expense Salaries and Wages Expenise

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