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The following account balances were taken from the adjusted trial balance for Shaw Messenger Service, a delivery service firm, for the fiscal year ended April
The following account balances were taken from the adjusted trial balance for Shaw Messenger Service, a delivery service firm, for the fiscal year ended April 30,20Y1 \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Income Statement } \\ \hline \multicolumn{4}{|c|}{ Income Statement } \\ \hline \multicolumn{4}{|c|}{ For the Year Ended April 30, 20Y1 } \\ \hline 1 & Fees earned & & \\ \hline 2 & Expenses: & & \\ \hline 3 & Depreciation expense & & $8,750.00 \\ \hline 4 & Miscellaneous expense & & 3.600 .00 \\ \hline 5 & Rent expense & & 52,000.00 \\ \hline 6 & Salaries expense & & 339,100.00 \\ \hline 7 & Supplies expense & & 4,000.00 \\ \hline 8 & Utilities expense & & 42,800.00 \\ \hline 9 & Net income & & 450,250.00 \\ \hline 10 & & & \\ \hline 11 & & & \\ \hline \end{tabular}
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