The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 29, 2016, the end of the fiscal year:

Prepare an income statement.

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Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense $7,500 Service Revenue 3,000 Supplies Expense 8,150 Utilities Expense 54,000 Wages Expense $448,400 2,750 33,900 360,000