The adjusted trial balance of Estrada Real Estate Appraisal at June 30, 2018, follows:

Estrada Real Estate Appraisal

Adjusted Trial Balance

June 30, 2018

Balance

Account Title

Debit Credit

Cash $4,400

Accounts Receivable 4,500

Office Supplies 2,700

Prepaid Insurance 1,900

Land 13,200

Building 77,000

Accumulated DepreciationBuilding $25,500

Accounts Payable 19,400

Interest Payable 8,000

Salaries Payable 2,200

Unearned Revenue 7,100

Notes Payable (long-term) 37,000

Estrada, Capital 40,000

Estrada, Withdrawals 27,500

Service Revenue 48,300

Insurance Expense 5,000

Salaries Expense 32,900

Supplies Expense 900

Interest Expense 8,000

Utilities Expense 1,800

Depreciation ExpenseBuilding 7,700

Total $187,500 $187,500

QUESTION 1. Prepare the company's income statement for the year ended June 30, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.)

Estrada Real Estate Appraisal

Income Statement

Year Ended June 30, 2018

(Expenses? Revenues? Total Assets? Total Expenses? Total Liabilities? Total Liabilities and Owners Equity?
		___________________________
Net Income (Loss)		____________________________