The accountant for Reva Stewart, CPA, P.C., has posted adjusting entries (a) through (e) to the accounts at December 31, 2012. Selected balance sheet accounts and all the revenues and expenses of the entity follow in T-account form.

Requirements
1. Prepare the income statement of Reva Stewart, CPA, P.C., for the year ended December 31, 2012.
2. Were 2012 operationssuccessful?

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Accounts receivable Supplies 22,700 1,200 (a) 600 800 (e) Acc. depr.-equipment Acc. depr.-building 5,000 1,900 30,000 |(b) (c) 5,000 Salary payable Service revenue (d) 105,700 900 | (e) 800 Salary expense Supplies expense 28,200 (a) 600 (d) 900 Depreciation expense-bldg. Depreciation expense-equip. (b) 1,900 (c) 5,000