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The following account balances appear in the 2024 adjusted trial balance of Beavers Corporation: Service Revenue, $260,000; Salaries Expense, $107,000; Supplies Expense, $18,500; Rent

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The following account balances appear in the 2024 adjusted trial balance of Beavers Corporation: Service Revenue, $260,000; Salaries Expense, $107,000; Supplies Expense, $18,500; Rent Expense, $24,500; Advertising Expense, $41,000; and Delivery Expense, $16,500. Prepare an income statement for the year ended December 31, 2024. BEAVERS CORPORATION Income Statement Accounts Payable Expenses: For the year ended December 31, 2024 Total expenses Net Income 0

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