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. Accounts payable Accounts receivable Cash $1,200 12,340 32,990 Fees earned 79,020 Land 65,000 Building 143,670 Miscellaneous expense 320 Office expense 520 Supplies 1,670 Wages expense 31,320 Dividends 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 Expenses: Total expenses Amount Amount 000