Question: Following are the financial statement data for Degen Temporary Services at December 31, 2015. Prepare Degen's income statement. Account Payable $850Dividends 200 Salaries Expenses 525

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

Account Payable $850Dividends 200 Salaries Expenses 525 Supplies Expenses 50

Account Rec 780Insurance expenses 75 Notes Payable 40

Cash 425 Office Equipment 1,500 Service Revenue 1,750

Common stock 600 Retained Earnings, January 1, 2015 370 Inventory 35

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