Flower Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business: E...

Extracted text: Flower Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business: E (Click the icon to view the assembled data.) Prepare the income statement of Flower Arrangements for the year ended December 31, 2024. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Data Table Insurance Expense $ 4,000 Salaries Expense $ 40,000 Service Revenue 75,000 Accounts Payable 6,200 Utilities Expense 600 Office Supplies 2,000 Rent Expense 13,000 Ruth, Withdrawals 1,800 Ruth, Capital, Jan. 1, 2024 12,500 Accounts Receivable 6,000 Cash 3,800 Equipment 28,200 Owner contribution during the year 5,700 Net Income Print Done