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 $510 at April 30, 2025, for unpaid wages. At April 30, 2025, customers owe Sheridan Companv $530 for services thev have received but have not vet paid for. Question 2 of 7 Expenses $ Rent Expense 1260 Advertising Expense Utilities Expense Salaries and Wages Expense Total Expenses Net Income / (Loss) $ Question 2 of 7 SHERIDAN COMPANY Income Statement For the Six Months Ended April 30, 2025 Revenues $ Expenses $ Rent Expense Advertising Expense 315 Utilities Expense 975 Salaries and Wages Expense 3110 Income Tax Expense 11100
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