The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 20Y7, the end of the fiscal year:

Prepare an income statement.

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Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense $10,000 $634,900 Service Revenue Supplies Expense 9,000 4,100 Utilities Expense Wages Expense 44,700 8,150 60,000 548,200