Income Statement ERS Inc. maintains and repairs office equipment. ERS had an average of 10,000 shares of common stock outstanding for the year. The following income statement account balances are available for ERS at the end of 2019. Advertising expense $24,030 Depreciation expense (on service van) 16,240 Income taxes expense 15,150 Interest expense 10,100 Rent expense 58,400 Insurance expense 11,900 Salaries expense (for administrative personnel) 195,600 Service revenue 933,800 Supplies expense 66,400 Utilities expense 26,100 Wages expense (for service technicians) 448,300 Required: 1. Prepare a single-step income statement for ERS for 2019. Note: For grouped values (e. g. revenues or expenses), enter individual amounts as positive values. If the total for the group is subtracted or a overall negative amount, enter using a minus sign. ERS Inc. Income Statement For the Year Ended December 31, 2019 Revenues: $- Select - Expenses: $- Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - Total expenses fill in the blank 9a50c0f83fc8017_23 $- Select - 2. Conceptual Connection: Compute net profit margin for ERS. Round your answer to one decimal place. fill in the blank 76a49405503e07f_1 % If ERS is able to increase its service revenue by $100,000, what should be the effect on future income