Work Sheet (Partial) For Month Ended January 31, 20-- \begin{tabular}{|c|c|c|c|c|} \hline \multirow{2}{*}{\begin{tabular}{|c|} ACCOUNT TITLE \\ \end{tabular}} & \multicolumn{2}{|c|}{ Income Statement } & \multicolumn{2}{|c|}{ Balance Sheet } \\ \hline & DEBIT & CREDIT & DEBIT & CREDIT \\ \hline Cash & & & 588.00 & \\ \hline Accounts Receivable & 4 & & 920.00 & \\ \hline Supplies & & & 357.00 & \\ \hline Prepaid Insurance & & & 800.00 & \\ \hline Office Equipment & & & 3,400.00 & \\ \hline Accum. Depr.-Office Equipment & & & & 200.00 \\ \hline Accounts Payable & & & & 1,030.00 \\ \hline Wages Payable & & & & 300.00 \\ \hline Ed Major, Capital & & & & 4,000.00 \\ \hline Ed Major, Drawing & & & 850.00 & \\ \hline Advising Fees & & 3,500.00 & & \\ \hline Wages Expense & 750.00 & & & \\ \hline Advertising Expense & 100.00 & & & \\ \hline Rent Expense & 600.00 & & & \\ \hline Supplies Expense & 180.00 & & & \\ \hline Phone Expense & 59.00 & & & \\ \hline Electricity Expense & 55.00 & & & \\ \hline Insurance Expense & 91.00 & & & \\ \hline Gas and Oil Expense & 59.00 & & & \\ \hline Depr. Expense-office Equipment & 200.00 & & & \\ \hline Miscellaneous Expense & 21.00 & & & \\ \hline & 2,115.00 & 3,500.00 & 6,915.00 & 5,530.00 \\ \hline Net income & 1,385.00 & & & 1,385,00 \\ \hline & 3,500.00 & 3,500,00 & 6,915.00 & 6,915,00 \\ \hline \end{tabular} From the partial work sheet for Major Advising, prepare an income statement