Use the following to prepare an income statement for Graces Landscape Service, Inc., for the year ended

Question:

Use the following to prepare an income statement for Grace’s Landscape Service, Inc., for the year ended June 30, 2011:
Service revenue ...... $37,515
Rent expense ....... 8,675
Insurance expense ..... 2,125
Other operating expenses ... 12,075
Salary expense ....... 10,650