Following are the financial statement data for Degen Temporary Services at December $31,2015.$ Prepare Degen's income statement.

Accounts Payable $ $850$

Accounts Receivable $780$

Cash $425$

Common Stock $600$

Dividends $200$

Insurance Expense $75$

Office Equipment $1,500$

Retained Earnings, January $1,2015370$

Salaries Expense $525$

Notes Payable $40$

Service Revenue $1,750$

Inventory $35$

Supplies Expense $50$