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Create an income statement for the year ending december

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Reference no: EM132994719

The following information relates to Sheridan Co. for the year 2022.

Owner's capital, January 1, 2022       $66,634

Advertising expense                        $ 2,499

Owner's drawings during 2022           8,329

Rent expense                                 14,437

Service revenue                            88,290

Utilities expense                             4,303

Salaries and wages expense              40,952

Problem 1: After analyzing the data, prepare an income statement for the year ending December 31, 2022.

 

Reference no: EM132994719

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