Blink-On Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Blink-On Company prepared the end-of-period spreadsheet (work sheet) at March 31, 2008, the end of the current fiscal year - Based on the following spreadsheet prepare

An income statement

A statement of the owners equity for the year ended March 31, 2008 no additional investments made during the year

				Blink-On Company
			End of-Period Spreadsheet (Work Sheet)
			For the Year Ended March 31, 2008
		Unadjusted Trial Balance				Adjusted Trial Balance
				Adjustments				Income Statement		Balance Sheet
	Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
1	Cash	6300				6300				6300
2	Accounts Receivable	18900		(a) 3500		22400				22400
3	Prepaid Insurance	4200			(b) 2800	1400				1400
4	Supplies	2730			(c) 1600	1130				1130
5	Land	98000				98000				98000
6	Building	140000				140000				140000
7	Acc. Dept --Building		100300		(d) 1400		101700				101700
8	Equipmaent	100500				100500				100500
9	Acc. Dept --Equipmentt		85100		(e ) 3200		88300				88300
10	Accounts Payable		5700				5700				5700
11	Unearned Rent		2100	(g) 1200			900				900
12	Amanda Ayers, Capital		78100				78100				78100
13	Amanda Ayers, Drawing	5600				5600				5600
14	Fees Revenue		253700		(a) 3500		257200		257200
15	Salaries & Wages Expense	102500		(f) 1800		104300		104300
16	Advertising Expense	21700				21700		21700
17	Utilities Expense	11400				11400		11400
18	Repairs Expense	8850				8850		8850
19	Misc. Expense	4320				4320		4320
20		525000	525000
21	Insurance Expense			(b) 2800		2800		2800
22	Supplies Expense			(c ) 1600		1600		1600
23	Depr. Exp -- Building			(d) 1400		1400		1400
24	Depr. Exp -- Equipment			(e ) 3200		3200		3200
25	Salaries & Wages Payable				(f) 1800		1800				1800
26	Rent Revenue				(g) 1200		1200		1200
27				15500	15,500.00	534900	534900	159570	258400	375330	276500
28	Net Income							98830			98830
29								258400	258400	375330	375330