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The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January

The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year:

Depreciation expense $7,400
Insurance expense 3,400
Miscellaneous expense 8,300
Rent expense 56,000
Service revenue 446,600
Supplies expense 2,000
Utilities expense 35,000
Wages expense 355,000

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Income Statement Prepare an income statement. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. You will not need to enter colons() on the income statement. Acorn Health Services Co. Income Statement (Label) 1 2 Label) 3 4 5 6 7 10 11

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