Using the Adjusted Trial Balance below prepare an Income Statement in properform for the month ended January 31, 2017.

XYZ COMPANY
WORKSHEET
FOR THE MONTH ENDED JANUARY 31, 2017
	ADJUSTED TRIAL BALANCE
ACCOUNT TITLES	DEBIT ($)	CREDIT ($)
Advertising Expense	3,500.00
Accumulated depreciation - Buildings		278,400.00
Accounts Payable		79,900.00
Accounts Receivable	98,000.00
Buildings	348,000.00
Capital -Mr. Owner		102,650.00
Cash	23,600.00
Depreciation - Buildings	69,600.00
Insurance Expense	36,000.00
Interest Expense	2,450.00
Interest Payable		500.00
Notes Payable		3,000.00
Notes Receivable	15,000.00
Rental Income		36,000.00
Service Revenue		402,300.00
Supplies	4,800.00
Supplies Expense	3,400.00
Telephone Expense	12,400.00
Unearned Revenue		15,000.00
Utilities Expense	11,200.00
Wage Expense	316,600.00
Wages Payable		23,300.00
Totals	941,050.00	941,050.00