Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash. $\text { Income Statement }$
$\begin{array}{|l|lr|}
\hline\text { Revenue } & \$ & 22,000 \
\hline\text { Expense } & & \_\_\_\_\_\mathrm{a} \
\hline\text { Net income } & \$ & \_\_\_\_\_\mathrm{b}\\hline
\end{array}$

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The Answer of Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash. $\text { Income Statement }$
$\begin{array}{|l|lr|}
\hline\text { Revenue } & \$ & 22,000 \
\hline\text { Expense } & & \_\_\_\_\_\mathrm{a} \
\hline\text { Net income } & \$ & \_\_\_\_\_\mathrm{b}\\hline
\end{array}$

Fill in the Blanks Indicated by the Alphabetic Letters in the Following