Below are the account balances for Cowboy Law Firm at the end of December.
Accounts.......................... Balances
Cash.................................$ 4,400
Salaries expense.....................1,700
Accounts payable.................. 2,400
Retained earnings.................. 4,300
Utilities expense ....................1,100
Supplies ............................12,800
Service revenue .....................8,300
Common stock.................. ...5,000
Required:
Use only the appropriate accounts to prepare an income statement?