Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: 
Definitions:
Corrective Education Company
A company or organization that focuses on reformative and educative programs aimed at correcting behavior, typically for minor offenders or as an alternative to traditional punishment.
Privately-Operated
Describes facilities or services that are managed by individuals or corporations rather than the government.
Just Deserts
A concept in justice and ethics where individuals are believed to deserve punishment or reward commensurate with their actions.
Marxist Approach
A method of socioeconomic analysis that examines class relations and societal conflict using a materialist interpretation of historical development, based on the ideas of Karl Marx.
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