INSTRUCTIONS: Complete the statement in proper form. Revenuewill be provided in an announcement at the end of Module 4 (basedon actual number of services for your pricing levels). Additionalinformation necessary to complete the income statement: General andAdministrative Salaries paid = $1,200 Advertising = $100 CleaningProducts = $120 Depreciation = $83 Rent = $650 Loan = $420Utilities and Insurance = $600 Quintinn's Furry Beasts Pet Co.Income Statement For the Month Ended January 31, xxxx Revenue:Grooming $- Day Care - Boarding - Total Revenue $- Cost of GoodsSold * - Gross Profit $- Expenses: G&A Salaries $- Advertising- Cleaning Products - Depreciation - Rent - Loan - Utilities andInsurance - Total Expenses $- Net Income / Loss $- * Cost of GoodsSold = Cost of Services (COS) There is no finished goods inventoryto maintain. Quintinn's Furry Beasts Pet Co. Statement of Cost ofServices For the Month Ended January 31, xxxx BeginningWork-in-Process Inventory $- Direct Materials: Materials -Beginning $- Add: Purchases for month of January 5,000 MaterialsAvailable for Use $5,000.00 Deduct: Ending Materials 3,000Materials Used $2,000.00 Direct Labor 6,240 Factory Overhead 2,800Total Manufacturing Overhead $11,040.00 Deduct: EndingWork-in-Process Inventory - Cost of Services $11,040 Grooming price$25 4 grooms per day Kennel price $25 12 dogs per day Daycare price$18 22 dogs per day