Presented below is financial information related to the 2017 operations of Sea Legs Cruise Company. Maintenance and

Question:

Presented below is financial information related to the 2017 operations of Sea Legs Cruise Company.
Maintenance and repairs expense ....... $ 95,000
Utilities expense ............... 13,000
Salaries and wages expense ......... 142,000
Advertising expense .............. 24,500
Ticket revenue .............. 410,000

Instructions
Prepare the 2017 income statement for Sea Legs Cruise Company.