The adjusted trial balance of Parsons Company at December 31, 2014, includes the following accounts:

Owner's Capital $15,600,
Owner's Drawings $7,000,
Service Revenue $37,000,
Salaries and Wages Expense $16,000,
Insurance Expense $2,000,
Rent Expense $4,000,
Supplies Expense $1,500,
Depreciation Expense $1,300.

Prepare an income statement for the year.

Income statement of  Parsons Company for the period ended December 31, 2014

                                                                   Amount in $        Amount in $

Service Revenue                                                                       37,000

Operating expense;

Salaries and Wages Expense                      16,000

Insurance Expense                                        2,000

Rent Expense                                                 4,000

Supplies Expense                                           1,500

Depreciation Expense                                   1,300

Total expense                                                                           (24,800)

Net income/(loss)                                                                       12,800  

Explanation:

The income statement shows the income and expenses of a business. Owner's capital and drawings are elements of the business balance sheet. Other items given are elements of revenue and cost.

answer: most likely c

explanation:

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.