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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