The following data were taken from the accounting records of Li Company at December 31, Year...

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The following data were taken from the accounting records of Li Company at December 31, Year 2. All adjustments have been recorded Service revenue $182,500 Retained earnings 100,500 Accounts receivable 32,000 Salaries expense 93,500 Operating expense 19,800 Accounts payable 23,900 Supplies expense 1,310 Prepaid rent 6.200 Common stock Supplies 101,000 950 Dividends 2,950 Rent expense Insurance expense Unearned revenue 2,700 25,500 1,750 Required: a) Prepare an income statement for Li Company for Year 2. Li Company Income Statement For the Year Ended December 31. Year 2 Total expenses The following data were taken from the accounting records of Li Company at December 31, Year 2. All adjustments have been recorded Service revenue $182,500 Retained earnings 100,500 Accounts receivable 32,000 Salaries expense 93,500 Operating expense 19,800 Accounts payable 23,900 Supplies expense 1,310 Prepaid rent 6.200 Common stock Supplies 101,000 950 Dividends 2,950 Rent expense Insurance expense Unearned revenue 2,700 25,500 1,750 Required: a) Prepare an income statement for Li Company for Year 2. Li Company Income Statement For the Year Ended December 31. Year 2 Total expenses

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Heres the income statement for Li Company for Year 2 Li Company Income Statement For the Year Ended ... View the full answer