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The completed financial statement columns of the spreadsheet for Ivanhoe Company are shown as follows: Ivanhoe Company Worksheet For the Year Ended December 31, 2022

The completed financial statement columns of the spreadsheet for Ivanhoe Company are shown as follows:

Ivanhoe Company Worksheet For the Year Ended December 31, 2022

Income Statement

Balance Sheet

Account No.

Account Titles

Dr.

Cr.

Dr.

Cr.

101

Cash

8,900

112

Accounts Receivable

10,600

130

Prepaid Insurance

2,800

157

Equipment

24,400

158

Accumulated DepreciationEquip.

4,700

201

Accounts Payable

9,200

212

Salaries and Wages Payable

2,600

301

Owners Capital

19,100

306

Owners Drawings

11,300

400

Service Revenue

60,400

622

Maintenance and Repairs Expense

1,600

711

Depreciation Expense

3,100

722

Insurance Expense

2,000

726

Salaries and Wages Expense

29,900

732

Utilities Expense

1,400

Totals

38,000 60,400 58,000 35,600

Net Income

22,400

22,400

60,400

60,400

58,000

58,000

Can you please help me with the answer to question a1 using the chart above

(a1)

Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

IVANHOE COMPANY Income Statement choose the accounting period For the Year Ended December 31, 2022December 31, 2022For the Month Ended December 31, 2022

select an opening name for section one DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

select an opening name for section two DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section two DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter a total amount for section two

select a closing name for this statement DrawingsExpensesInvestmentsNet Income / (L

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