The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y9, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows:

Account Title	Adjusted Trial Balance Dr.	Adjusted Trial Balance Cr.
Cash	11,910
Accounts Receivable	25,920
Supplies	4,050
Prepaid Insurance	8,750
Land	92,000
Buildings	331,000
Accumulated Depreciation-Buildings		107,900
Equipment	239,000
Accumulated Depreciation-Equipment		140,500
Accounts Payable		30,660
Salaries Payable		3,040
Unearned Rent		1,380
Common Stock		137,000
Retained Earnings		255,800
Dividends	23,000
Service Fees		437,200
Rent Revenue		4,620
Salaries Expense	313,430
Depreciation Expense-Equipment	17,000
Rent Expense	14,300
Supplies Expense	10,080
Utilities Expense	9,110
Depreciation Expense-Buildings	6,080
Repairs Expense	5,020
Insurance Expense	2,750
Miscellaneous Expense	4,700
Total	1,118,100	1,118,100

Required: Answer the question Below

1. Prepare an income statement.

Line Item Description	Amount	Amount
Revenues:
Common stock, Insurance expense, Miscellaneous expense, Service fees, or Supplies expense	$fill in the blank 2
Rent expense, Rent revenue, Repairs expense, Unearned rent, or Utilities expense	fill in the blank 4
Total revenues		$fill in the blank 5
Expenses:
Buildings, Cash, Rent revenue, Salaries expense, or Salaries payable	$fill in the blank 7
Accumulated depreciation-equipment, Common stock, Depreciation expense-equipment, Equipment, or Land	fill in the blank 9
Accounts payable, Rent expense, Rent revenue, Service fees, or Unearned rent	fill in the blank 11
Accounts receivable, Common stock, Rent revenue, Supplies, or Supplies expense	fill in the blank 13
Common stock, Rent revenue, Service fees, Unearned rent, or Utilities expense	fill in the blank 15
Accumulated depreciation-buildings, Buildings, Depreciation expense-buildings, Equipment, or Land	fill in the blank 17
Accounts payable, Common stock, Rent revenue, Repairs expense, or Salaries payable	fill in the blank 19
Accounts receivable, Cash Insurance expense, Prepaid insurance, or Rent revenue	fill in the blank 21
Accumulated depreciation-buildings, Buildings, Miscellaneous expense, Service fees, or Unearned rent	fill in the blank 23
Total expenses		fill in the blank 24
Net incomeNet loss		$fill in the blank 26