The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018:

Accounts payable		13,000		Income tax payable	4,800
Accounts receivable		27,600		Insurance expense	3,300
Accumulated depreciationequipment		5,400		Prepaid insurance	2,500
Cash		18,600		Rent expense	6,300
Common shares		5,980		Retained earnings	20,920
Depreciation expense		4,400		Salaries payable	2,750
Dividends declared		2,100		Salaries expense	44,950
Equipment		23,100		Supplies	800
Fees earned		91,800		Supplies expense	3,800
Income tax expense		4,800		Utilities expense	2,400

During the year ended February 28, 2018, common shares were issued for $5,000.

Prepare an income statement for the year. OROMOCTO CORPORATION Income Statement Year Ended February 28, 2018