Ponceuuugo Ponceuuugo Physics Answered Benny Beauty Parlor Income Statement For the Six-Month Period ended December 31, 2007 Income ₱ 120,000 Less: Operating Expense Taxes and Licenses ₱ 3,000 Salaries Expense 24,000 Rent Expense 12,000 Light and Water 7,000 Supplies Expense 10,000 ₱ 56 000 ₱ 64, 000 5. If the income is only ₱ 50,000 and the expenses remain the same, what is the result of the operation of the business?