The following is a summary of transactions for January 20xx, gathered by the Sample Cafe bookkeeper.

Item	Notes
7,600 medium cups of coffee sold at $3.00 each	Includes 500 medium cups medium cups sold to the college and delivered to a reception that has been invoiced, but not yet paid.
3,700 large cups of coffee sold at $4.00 each
Espresso maker purchased last year for $12,600	5-year life
$600 premium for business insurance	Premium for full year
$3,300 for rent	Includes $1,800 in rent deposits.
$2,500 for coffee beans	Includes coffee discarded valued at $100
$1,500 for coffee cups	0 cups in inventory at the beginning of January. $600 worth of cups still in inventory at the end of month.
$14,700 to employees for payroll	$2,200 owed in payroll taxes
$100 of interest on loan	Paid mid-month
$1,100 for electricity and water	Includes $400 in utility deposits
$13,200 in advertising	$3,300 per week billed monthly

Use the preceding transaction information to create a Cash-Based Income Statement for January using the following template.

Account	Balance
Revenues	$
Expenses
Coffee and Cups	$
Salaries and Wages	$
Rent and Utilities	$
Advertising	$
Insurance	$
Equipment	$
Interest	$
Other Expenses	$
Total Expenses	$
Net Income	$