The following information relates to Jake Peavy Co. for the year 2012.
Owner’s capital, January 1, 2012 $48,0 Advertising expense $ 1,8
Owner’s drawings during 2012 6,0 Rent expense 10,4
Service revenue 63,6 Utilities expense 3,1
Salaries and wages expense 29,5
After analyzing the data, prepare an income statement for the year ending December 31, 2012.
JAKE PEAVY CO.
Income Statement
For the Year Ended December 31, 2012
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