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Question - The assets and liabilities of Amos Moving Services at March 31, 2010, the end of the current year, and its revenue and expenses for the year are listed below. The Retained Earnings balance was $180,000 at April 1, 2009, the beginning of the current year.
Accounts Payable $1,200
Miscellaneous Expense $230
Accounts Receivable $10,340
Office Expense $1,240
Cash $33,990
Supplies $1,670
Fees Earned $84,350
Wages Expense $23,550
Land $47,000
Dividends $16,570
Building $157,630
Capital Stock 25,000
Required - Make an income statement for the current year ended March 31, 2010.
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