Reference no: EM132487972

The adjusted trial balance of Wallowa Ranch Inc. on December 31, 2016 includes the following accounts:

Accumulated Depreciation, $8,000;

Depreciation Expense, $2,000;

Notes Payable $7,800;

Interest Expense $250;

Utilities Expense, $370;

Rent Expense, $800;

Service Revenue, $24,600;

Salaries and Wages Expense, $6,800;

Supplies, $250;

Supplies Expense, $1,500;

Salaries and Wages Payable, $800.

Question 1: Prepare an income statement for the month of December.