CENTER for the calendar year 200A: P 1,200 8,000 P 85,000 Notes Receivable 12,000 Notes Payable 16,600 Interest Income 18,540 Tel. & Telegrams Expense 21,500 Interest Expense 10,000 Postage & Stamps Expense 21,460 Insurance Expense 30,000 Car 20,000 Utilities Expense 78,560 Supplies Expense 8,900 Massage Equipment 21,000 Rental Income E. Liwanag Capital Office Equipment Accounts Payable Cash 360 1,250 220 Tools E. Liwanag Drawing Accounts Receivable 50 4,100 84,700 160 Mortgage Payable Loan Payable (short-term) Service Income Furniture & Fixtures 3,150 36,290 6,000 Salaries Expense Prepare a single-step Statement of Comprehensive Income for MAGINHAWA SERVICE CENTER for the year ended December 31, 200A

Define Income and methods of measuring it for internal reporting purposes.

How to fill out an income statement?

Using the information provided below from Ben Company prepare two income statements: A normal GAAP Income Statement A CVP Income Statement These Income Statements should be done in good form and in Excel. Include formulas.