The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2020. The new bookkeeper alphabetized the accounts.
 

Account		Debit			Credit
Accounts payable				$	21,680
Accounts receivable	$	12,500
Accumulated depreciation, automobiles					38,360
Accumulated depreciation, building					159,000
Alisha Bjorn, capital					150,960
Alisha Bjorn, withdrawals		12,000
Automobiles		66,000
Building		226,000
Cash		10,600
Copyright		5,900
Depreciation expense, automobiles		6,100
Depreciation expense, building		27,400
Dance lesson revenue					149,680
Gas, oil, and repairs expense		28,600
Land		31,900
Land for future expansion		40,000
Notes payable*					80,000
Brand name		7,800
Rent revenue					20,000
Salaries expense		164,000
Store supplies		3,380
Unearned revenue					22,500
Totals	$	642,180		$	642,180

 

*The notes payable plus interest are due in 18 months.

The owner made no investments during the year.

 

Prepare an income statement for the year ended September 30, 2020.