Question - The following is the Bravo Unlimited adjusted Trail Balance.

Bravo Unlimited Adjusted Trial Balance December 31, 2016

Account Title Debit Credit

Cash $88,450

Accounts Receivable 231,860

Supplies 17,255

Equipment 395,285

Accumulated Depreciation $224,260

Accounts Payable 72,555

Capital Stock 120,000

Retained Earnings 214,145

Service Revenue 892,105

Interest Income 2,500

Dividends 5,000

Rent Expense 58,700

Wages Expense 527,000

Supplies Expense 42,600

Utilities Expense 8,600

Depreciation Expense 150,815

Totals $1,525,565 $1,525,565

Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.