The following revenue and expense account balances were taken from the ledger of Cupcake Services Co. after the accounts had been adjusted on October 31, 2008, the end of the current fiscal year:

Prepare an incomestatement.

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Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense S10,000 6,000 4,750 51,500 Service Revenue Supplies Expense Utilities Expense Wages Expense $163,375 2,875 18,750 92,800