The Income Statement is $18,500
Construction of Baker income statement
Revenue
Service Revenue $65,200
Total Revenue $65,200
Expenses
Other operating expenses $41,000
Supplies Expense $1,100
Insurance expense $2,100
Rent Expense $2,500
Total Expenses $46,700
Net Income $18,500
($65,200-$46,700)
Inconclusion the Income Statement is $18,500
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