Given the following information, prepare a single-step Income Statement for Brandon's Corporation for the year ending December 31, 2012.
Definitions:
Absolute Advantage
The ability of a country, individual, or group to produce a good or service more efficiently than another entity, using fewer resources.
Car Wash
A facility used to clean the exterior and, sometimes, the interior of motor vehicles.
Dog Wash
A service establishment or event where dogs are bathed and cleaned, often including other grooming services.
Opportunity Cost
The cost of foregone alternatives; the value of the next best alternative that is given up when making a choice.
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