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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 $10,000
Insurance Expense 9,000
Miscellaneous Expense 7,650
Rent Expense 62,000
Service Revenue 637,700
Supplies Expense 3,900
Utilities Expense 46,600
Wages Expense 536,200

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

Prepare an income statement. Round your answers to the nearest dollar. Use a minus sign to enter loss, if any.

Acorn Health Services Co.
Income Statement
For the Year Ended January 31, 2018
Service revenue $
Expenses:
Wages expense $
Rent expense
Utilities expense
Depreciation expense
Insurance expense
Supplies expense
Miscellaneous expense
Total expenses
$

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