Lopez and Tiznado dentists budgeted for the following revenue and
Lopez and Tiznado, dentists, budgeted for the following revenue and expenses for March:
Depreciation—equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500
Fringe benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,200
Lease expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Hygienists’ wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,600
Dentists’ salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,800
Patient revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,500
Administrative support. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900
Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550
Prepare a budgeted income statement for the month ending March 31, 2016.
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