Question - Star Health Inc. is a fitness center in Oklahoma City. In October, the company earned $550,000 in revenues and incurred the following operating costs from 340 customers:
Manager's salary $50,000
Gym Rent 60,000
Depreciation Expense-Equipment 25,000
Office Supplies 30,000
Utilities Expense 89,700
Trainer's Salary 25,000
Required: Prepare Star Health's income statement for the month of October.