Cullumber Company, a ski tuning and repair shop, opened on November 1,2024. The company carefully...

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Accounting

Cullumber Company, a ski tuning and repair shop, opened on November 1,2024. The company carefully kept track of all its cash
receipts and cash payments. The following information is available at the end of the ski season, April 30,2025.
The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord
are made at the beginning of each month. The part-time helper is owed $545 at April 30,2025, for unpaid wages. At April 30,2025,
customers owe Cullumber Company $430 for services they have received but have not yet paid for.
Prepare an accrual-basis income statement for the 6 months ended April 30,2025.
CULLUMBER COMPANY
Income Statement
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