The assets and liabilities of Rocky's Day Spa at December 31 and its expenses for the year are listed below.The capital of the owner was $68,000 at January 1.The owner invested an additional $10,000 during the year.Net income for the year is $45,625. 
Prepare an income statement for the current year ended December 31.
Definitions:
Hyaline Membrane
A thickened, protein-rich film lining the alveoli (air sacs) in the lungs, often seen in respiratory distress syndrome.
Respiratory Membrane
A thin barrier in the lungs where gas exchange occurs, allowing oxygen to enter the bloodstream and carbon dioxide to be expelled.
Itchy Eyes
A common symptom involving an irritating sensation in the eyes that often leads to scratching or rubbing.
Common Cold
A viral infectious disease of the upper respiratory tract, characterized by symptoms such as sneezing, sore throat, and congestion, commonly caused by rhinoviruses.
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