Question: Given the information below, please construct an income statement. Thank you! Accounts payable 1,364,592 Accounts receivable 5,154,706 Accrued liabilities 522,802 Accumulated Depreciation (including current charges)

Given the information below, please construct an income statement. Thank you!

Accounts payable 1,364,592
Accounts receivable 5,154,706
Accrued liabilities 522,802
Accumulated Depreciation (including current charges) 220,487
Advertising 228,335
Cash 584,022
Common stock 1,000
Contributions & donations 56,916
Depreciation (current period) 62,424
Dues, licenses and subscriptions 69,327
Executive salaries 1,271,158
Furniture & fixtures 18,201
Group insurance 118,031
Interest 43,767
Job costs: equipment rentals 627,882
Job costs: indirect 2,934,729
Job costs: labor 6,825,049
Job costs: licenses and permits 46,458
Job costs: materials 9,456,314
Job costs: other direct costs 3,305
Liability insurance 845,001
Machinery & equipment 149,386
Miscellaneous G&A 688,084
Notes payable: long term 1,125,370
Notes payable: short term 400,397
Office equipment & software 295,623
Office supplies 7,597
Prepaid expenses & deposits 157,598
Professional fees: accounting 82,620
Professional fees: IT 47,103
Rent 169,323
Retained earnings (including current period) 4,491,508
Revenue 25,980,778
Selling: meals & entertainment 288,472
Selling: payroll 595,165
Utilities 7,727
Vehicle insurance 135,188
Vehicles 887,741
Work in progress 878,880

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