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The following revenue and expense account balances were taken from the Income Statement columns of the work sheet for Roo Services Co. for December 31:

  1. The following revenue and expense account balances were taken from the Income Statement columns of the work sheet for Roo Services Co. for December 31:

Depreciation Expense

$ 4,950

Insurance Expense

2,900

Miscellaneous Expense

1,200

Rent Expense

24,000

Service Revenue

92,500

Supplies Expense

3,150

Utilities Expense

5,000

Wages Expense

63,750

In proper form, prepare an income statement.

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