Flamingo, Inc. has the following assets, liabilities, revenues, and expenses for the current year.

| April 14, 2018

Flamingo, Inc. has the following assets, liabilities, revenues, and expenses for the current year.EquipmentRent expenseSalary expenseCashLandService revenueNote payableSupplies expenseInterest payableBuildingInsurance expenseAccounts receivableCommon stockAccounts payableUtilities expense $45,000$24,000$68,000$10,000$18,000$125,000$30,000$4,000$500$100,000$1,500$14,500$21,000$19,500$12,000Prepare the Income Statement for ABC, Inc. for the current year.

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