Use straight line method for depreciating Equipment.

$4$

The owner made an additional investment during the year of $$12,000.$ A $$3,800$ payment on the long$-$term notes payable will be made during the year ended March $31,2024.$

Prepare an income statement for the year ended March $31,2023.$

$\backslash$table$[[$ADVENTURE ELEMENTS$],[$Income Statement$],[$For Year Ended March $31,2023],[,,],[$Operating expenses:$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[$Total operating expenses,,$0],[,,]]$