The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.:

Accounts		Amount
Accumulated Depreciation		$32,000
Fees Earned		78,000
Depreciation Expense		7,250
Rent Expense		34,000
Prepaid Insurance		6,000
Supplies		400
Supplies Expense		1,800

Labels

Expenses

For the Period Ended April 30

Amount Descriptions

Net income

Net loss

Total expenses

Income Statement

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Answer rating: 100% (QA)

Finnegan Co Income Statement For the period ... View the full answer