The income statement net income is $2,540.
Income statement
Income statement for Woburn Landscaping Co. for the year ended December 31, 2020
Revenue:
Landscaping Revenue $13,100
Plant Sales $3,900
Total revenue $17,000
Expenses:
Salaries Expense $5,050
Hydro Expense $1,150
Repair Expense $980
Rent Expense $4,200
Internet Expense $1,020
Advertising Expense $1,770
Supplies Expense $250
General Expense $40
Total expenses $14,460
Net income $2,540
($17,000-$14,460)
Therefore the income statement net income is $2,540.
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