Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has collected the following information for year just ended:

Employee training	$ 8,300
Marketing	70,000
Rent and facilities costs	28,000
Revenue (client fees)	264,000
Supplies	51,000
Travel	39,700
Wages and salaries	81,000

Required:

Prepare an income statement for the year just ended for Tuscola Counseling Services. (Loss amount should be indicated with a minus sign.