Refer to this income statement to answer the question below. Forks Gym Income Statement For the Month Ended August 31, Revenue: Membership Fees Revenue Rental Revenue Instruction Revenue Total Revenue 10,000.00 3,000.00 4,000.00 17,000.00 Expenses: Advertising Expense Rent Expense Utilities Expense Total Expenses 3,000.00 4,000.00 1,000.00 8000.00 Net Income 9,000.00 What is the total revenue for membership fees?

The total revenue for membership fees is $10,000.00

Explanation:

As per given data

Revenue:

Membership Fees Revenue 10,000.00  

Rental Revenue 3,000.00

Instruction Revenue 4,000.00  

Total Revenue 17,000.00

Expenses:

Advertising Expense 3,000.00

Rent Expense 4,000.00

Utilities Expense 1,000.00

Total Expenses  8,000.00

Net Income 9,000.00

Net Income is calculated as follow

Net Income = Total revenue - Total Expenses = 17,000.00 - 8,000.00 = 9,000.00

Total revenue for the membership fee is in the revenue section and it is 10,000.00 only.

statement of owner's equity;

answer; (a) conduct a worksite inspection;