Question: Bodnar Sound Studio has just completed operations for the year ended December 31, 2022. This is the third year of operations for the company.

Bodnar Sound Studio has just completed operations for the year ended December 31, 2022. This is the third year of operations for the company. As the owner, you want to know how well the company performed during the year To address this question, you have assembled the data below. Use this data to prepare the income statement of Bodnar Sound Studio for the year ended December 31, 2022 Insurance Expense Service Revenue Supplies Expense Rent Expense Salaries Expense Accounts Payable Supplies Withdrawals $ 3,500 152,000 1,050 18,500 51,000 8,800 2.300 44,000
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