Selected balances from the general ledger of the Valley Video Rentals on May 31,2016,are listed below.Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended May 31,2016. 
Definitions:
Fixed Cost
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Planning Budget
A budget prepared before a period begins based on management's objectives and estimated revenues and expenses.
Manufacturing Overhead
All indirect costs associated with manufacturing, including maintenance, electricity, and salaries of supervisors.
Cost Formula
An equation used to predict costs at different levels of activity, typically encompassing both fixed and variable components.
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