Question: Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March follows: Accounts Fees earned $487,000 Wages expense

Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March follows:

Accounts
Fees earned	$487,000
Wages expense	334,000
Rent expense	34,000
Supplies expense	4,500
Miscellaneous expense	1,800

Prepare an income statement for the month ended March 31, 2018. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.

LabelsMarch 31, 2018ExpensesFor the Month Ended March 31, 2018Amount DescriptionsNet incomeNet lossTotal expenses

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