Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $82,000 of services on account. Collected $52,700 cash from accounts receivable. Paid $26,000 of salaries expense for the year. Roth adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Amount % Likely to Be Uncollectible Allowance Balance
Current $9,500 0.01
0-30 4,000 0.05
31-60 2,500 0.10
61-90 2,000 0.30
Over 90 days 3,000 0.50
Required

(a) Organize the information in accounts under an accounting equation.
(b) Prepare an income statement for Roth Service Co. for 2018.