The following account balances were taken from the adjusted trial balance for On-Time Messenger Service, a delivery service firm, for the current fiscal year ended April 30, 2012:

Prepare an income statement.

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Depreciation Expense $ 6,400 Rent Expense $ 48,400 Fees Earned 340,000 Salaries Expense 1,200 Supplies Expense 2,600 Utilities Expense 171,040 Insurance Expense Miscellaneous Expense 2,200 18,560