[The following information applies to the questions displayed below.]

Dyer, Inc., completed its first year of operations on December 31, 2018. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement:

Income Statement, 2018
Rent Revenue					$	117,500
Expenses:
Salaries and Wages Expense	$	29,200
Repairs and Maintenance Expense		13,700
Rent Expense		9,700
Utilities Expense		4,700
Travel Expense		3,700
Total Expenses						61,000
Income					$	56,500

You are an independent CPA hired by the company to audit the firms accounting systems and financial statements. In your audit, you developed additional data as follows:

1. Wages for the last three days of December amounting to $380 were not recorded or paid.
2. The $470 telephone bill for December 2018 has not been recorded or paid.
3. Depreciation of equipment amounting to $23,700 for 2018 was not recorded.
4. Interest of $570 was not recorded on the notes payable by Dyer, Inc.
5. The Rental Revenue account includes $4,700 of revenue to be earned in January 2019.
6. Supplies costing $670 were used during 2018, but this has not yet been recorded.
7. The income tax expense for 2018 is $7,700, but it wont actually be paid until 2019.

2. Prepare, in proper form, an adjusted income statement for 2018.