Omega Transportation Inc., headquartered in Atlanta, Georgia, engaged in the following transactions: Billed customers $2,387,000 for transportation

Question:

Omega Transportation Inc., headquartered in Atlanta, Georgia, engaged in the following transactions:
Billed customers $2,387,000 for transportation services
Collected cash from customers in the amount of $1,364,000
Purchased fuel supplies for $1,262,000 cash
Used fuel supplies that cost $1,253,000
Employees earned salaries of $256,000
Paid employees $25,000 cash for salaries

Required:
Determine the amount of sales revenue and total expenses for Omega’s income statement.

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