P1-2 1. Quarterly Income Statement SUSAN'S LAWN SERVICE Income Statement For the Three Months Ended August : Revenues from services: Collected from customers Receivable from customers Total revenues Expenses’ Gas, oil & lubrication paid Gas, oil & lubrication payable Pickup repairs Mower repair Miscellaneous supplies used Helpers Payroll taxes Payroll tax preparation Insurance Telephone Interest on note paid Depreciation of truck & equipment Total expenses Net income 2. Comment on Additional Reports ‘The above report shows how profitabli To learn how much cash, liabilities anc will need a balance sheet. To lear at will need a statement of cash flows. $12,600 $800. $920 $200 $210 $75, $80) $4,500 $175) $25, $125) $110 875, $500. $13,400