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 $ $9,500$

Marketing $71,200$

Rent and facilities costs $28,600$

Revenue $($client fees$)270,000$

Supplies $51,120$

Travel $40,900$

Wages and salaries $82,200$

Required:

Prepare an income statement for the year just ended for Tuscola Counseling Services.