The income statement for the month of June, 2014 of Taylor Enterprises contains the following information: 
After the revenue and expense accounts have been closed, the balance in Income Summary will be
Definitions:
Divorce Rates
indicate the proportion of marriages that end in divorce within a specific population or time frame, often used as an indicator of societal changes in attitudes towards marriage.
Live Together
A living arrangement in which two or more people share a residence without being married or related to each other.
Marriage
A legally or culturally recognized union between two people, often based on a personal relationship and intended for companionship, support, and, in some cases, procreation.
College Degree
An academic degree awarded by colleges or universities upon completion of a course of study demonstrating mastery in a specific field of study or profession.
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