Current Attempt in Progress Jason Allen runs a ski school and excursion company called Blossom Ltd. His busiest months are December through February, although, if the weather holds, he extends his school and excursions into March. For the month of January, he recorded the following items: 1. 2. 3. 4. He spent $1,800 on the utilities for the office and $6,700 on gas and repairs for the vehicles (use Operating Expenses account). He used supplies that cost $17,900. Customers paid him $239,000 for excursions that took place in January (use Service Revenue account) and $69,000 in deposits for trips scheduled in February. He paid $33,700 for employee wages and he spent $10,400 to an influencer for advertising the company. (a) Prepare a statement of income to determine how much Blossom Ltd. earned in January. Blossom Ltd. Statement of Income $

(a) Prepare a statement of income to determine how much Blossom Ltd. earned in January