What goes on the Income Statement

Question 1 ski season, April 30, 2017. Blossom Company, a ski tuning and repair shop, opened on November 1, 2016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the Cash Cash Receipts Payments Issuance of common shares $20,800 Payment to purchase repair shop equipment $9,060 Payments to landlord 1,190 Newspaper advertising payment 345 Utility bill payments 950 Part-time helper's wage payments 2,250 Income tax payment 10,900 Cash receipts from ski and snowboard repair services 31,100 Subtotals 51,900 24,695 Cash balance 27,205 Totals $51,900 $51,900 The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The payments to the landlord included a security deposit of $170. The part-time helper is owed $445 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Blossom Company $485 for services they have received but have not yet paid for.Prepare an accrual-basis income statement for the 6 months ended April 30, 2017. [ll 0550M COMPANY Income Statement For the Six Months Ended April 30, 2017 v I | Revenues Service Revenue U Expenses Depreciation Expense Advertising Expense Utilities Expense Salaries and Wages Expense Income Tax Expense Rent Expense lillll Total Expenses U Net Income / (Loss) I I K K K K K K K I I 1 '1 l