Curry Consulting Inc.'s Income Statement for the month ended May 31, 2022 is as follows:
Service Revenue $5,600
Expenses:
Office Rent Expense $600
Advertising Expense 150
Salaries Expense 2,500
Utilities Expense 180
Total expenses $3,430
Net Income $2,170
Data Analysis:
May 9, Service Revenue $1,400
May 15, Service Revenue $4,200
Total Service Revenue for the month = $5,600 ($1,400 + $4,200)
May 2, Office Rent Expense $600
May 5, Advertising Expense $150
May 17, Salaries Expense $2,500
May 30 Utilities Expense $180
Thus, the income statement for the month of May, 2022 produces a net income of $2,170 which is the difference between the total service revenue and the total expenses.
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