Inceme Statement

IUM Services mas organized on Augurt $1,20$Y$5.$ A summary of the revenue and expense transactions for August followa:

Fees earned

Waget expense

Miscellaneous expense

Bent experse

Suppline enponse

$12,550,600$

$1,612,500$

$41,289$

$240,000$

$22\mathrm{.}700$

Prepare an income statement for the menth ended August $31.$

JLM Services

Income Statement

For the Month Ended Aegust $31,20$ y

Cpersting expenses!

$$

$$

$$

$$

Tural eperating experses $$

$$

$1$