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 are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable $1,200 Miscellaneous expense $370 Accounts recen 12,340 Office expense 500 Cash 32,990 Supplies 1,670 Fees earned 79,520 Wages expense 29,870 Land 65,000 Dividends 3,000 Building 143,670 Prepare an income statement for the current year ended March 31. Thompson's Computer Services Income Statement For the Year Ended March 31 Expenses Total expenses ID