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chegg.com$/$homework

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Income Statement

For the year ended July. $31,2012$

$\backslash$table$[[$Service Fees,,$475,000],[$Rent revenue,,$5,000],[$Total revenue,,$480,000],[$Less: Expense,,$],[$Salary Expense,$325,000,],[$Rent expense,$15,500,],[$Supplies expense,$9,000,],[$Utilities Expense,$8,500,],[$Dep$.$ Exp. Equipment,$17,500,],[$Dep$.$ Exp. Building,$6,600,],[$Repairs Expense,$3,450,],[$Miscellaneous Expense,$5,450,],[$Insurance expense,$3,000,],[$Total Expense,$394,000],[$Net Loss,$86,000,],[$Statement of Owner's Equity,$],[$For the year ended July. $31,2012,],[$Beginning Balance,$407,000,]]$