Yoga Universe,Inc Required: Prepare Yoga Universe's Income Statement for the Month of

Essay

Yoga Universe,Inc.is a fitness center in Tampa,Florida.In October,the company earned
$550,000 in revenues and incurred the following operating costs from 340 customers:
$$\begin{array} { | l | r | } \hline \text { Manager's salary } & \$ 50,000 \\\hline \text { Gym Rent Expense } & 60,000 \\\hline \text { Depreciation Expense-Equipment } & 25,000 \\\hline \text { Office Supplies Expense } & 30,000 \\\hline \text { Utilities Expense } & 89,700 \\\hline \text { Trainer's Salary } & 25,000 \\\hline\end{array}$$ Required: Prepare Yoga Universe's income statement for the month of October,2019.