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.

Prepare an income statement for the current year ended March $31.$

Thompson Computer Services

Income Statement

For the Year Ended March $31$