T. Below is a list of accounts of Robinhood Security Services. Prepare a single-step income statement for year ended June 30, 2019. Comment on the Statement after, state if it is favorable or...

Extracted text: T. Below is a list of accounts of Robinhood Security Services. Prepare a single-step income statement for year ended June 30, 2019. Comment on the Statement after, state if it is favorable or unfavorable Service Fees P 355,000 15000 Rent Income 38,000 25,000 8,000 2,500 Salaries & Wages Rent Expense Utilities Expense Supplies Expense Interest Expense Depreciation Expense - Office Equipment Depreciation Expense - Furniture and Fixture Dividends Income Gain on Sale of Equipment Miscellaneous expense Training Expense 7,000 12,000 5,000 10,000 2,000 5,000 15,000