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The assets, iabilities, and equites of Dunham Design Studio have the tollowing balances at December 31, 2018. The owner, Ron Ingram, began the year with

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The assets, iabilities, and equites of Dunham Design Studio have the tollowing balances at December 31, 2018. The owner, Ron Ingram, began the year with a $33,300 capital balance, contributed $11,000, and withdrew $52,000 during the year (Click the icon to view the eccount balances.) Propare the income statement tor Dunham Design Studio tor the yr endng December 31, 2018. Data Table s 9400 Office Furniture Noles Payable Rent Expense Cash Oflice Supplies Salaries Expense Property Tax Expense S 45,800 ,100 3,500 155,200 7,100 3,500 19,000 Uities Expense 3,800 Accounts Payable 4.000 Service Revenue 68,000 Accounts Receivable 1,300 Miscellaneous Expense Print Done Net Incone

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