# Below you will find an incomplete income statement for the doctor's office of Susan Gonzalez. ...

## Question:

Below you will find an incomplete income statement for the doctor's office of Susan Gonzalez.

Required:

Fill in the missing dollar amounts to complete the income statement.

 Susan Gonzalez, MD Income Statement For Year Ended Dec 31 Revenues: Examination fees $Laboratory fees 76,800 Total revenues$247,100 Expenses: Insurance expense $77,900 Salary expense 52,700 Rent expense 42,500 Janitorial expense Miscellaneous expense 23,800 Total expenses 233,000 Net income$

## The Income Statement:

In the income statement, the revenues and expenses for the period which is reported upon are reflected in order to calculate the operating profit for the period. The income statement is one of the required financial statements.

## Answer and Explanation:

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Susan Gonzalez, MD $170,300 ($247,10 - \$76,800) Income Statement For Year Ended Dec 31 Revenues: Examination fees Laboratory fees 76,800 To...

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