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? cl? ezto.mheducation.com/hm.tpx pps fh Cougar Courses Google DocsSoundCloud ? myCSUSM g MATH 132 - Below are the account balances for Huffman Corporation at the end of December Cash Salaries expense Retained earnings Advertising expense Equipment Service revenue Common stock Accounts payable $ 7,000 1,500 2,900 1,350 12,200 11,800 11,600 1,460 Use only the appropriate accounts to prepare an income statement HUFFMAN CORPORATION Income Statement For the year ended December 31 Revenues Expenses Total expenses

Explanation / Answer

Revenues

Service Revenue                             11,800

                    Total Revenue             11,800

Expenses:

Salaries Expenses       1,500

Advertising expenses 1,350

                    Total Expenses           2,850

Net Income                                     8,950

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