The assets and liabilities of S&P Day Spa at December 31, 2014 and expenses for the year are listed below. The retained earnings balance was $68,000 at January 1, 2014. Net income for 2014 is $45,625.

Prepare an income statement for the current year ended December 31, 2014.

Question

The assets and liabilities of S&P Day Spa at December 31, 2014 and expenses for the year are listed below. The retained earnings balance was $68,000 at January 1, 2014. Net income for 2014 is $45,625.
 
 Prepare an income statement for the current year ended December 31, 2014.

Quizplus · Accepted Answer

The Answer of The assets and liabilities of S&P Day Spa at December 31, 2014 and expenses for the year are listed below. The retained earnings balance was $68,000 at January 1, 2014. Net income for 2014 is $45,625.
 
 Prepare an income statement for the current year ended December 31, 2014.

The Assets and Liabilities of S&P Day Spa at December