Michael Company Has Just Completed Operations for the Year Ended

Michael Company has just completed operations for the year ended December 31,2018.This is the second year of operations for the sole proprietorship.The following data have been assembled for the business.
$$\begin{array} { | l | r |r | r | } \hline \text { Accounts Payable } & \$ 12,200 & \text { Office Expense } & \$ 6,500 \\\hline \text { Accounts Receivable } & 14,500 & \text { Rent Expense } & 9,600 \\\hline \text { Cash } & 8,200 & \text { Michael, Capital, Jan. 1,2018 } & 17,300 \\\hline \text { Michael, Withdrawals } & 13,500 & \text { Salaries Expense } & 36,000 \\\hline \text { Equipment } & 15,000 & \text { Service Revenue } & 84,000 \\\hline \text { Insurance Expense } & 4,000 & \text { Utilities Expense } & 6,200 \\\hline\end{array}$$ Prepare the income statement.Use a proper heading.