Westchester Wood Assignment The Brock’s business, Westchester Wood, has the following income and expenses: Income: Receipts from sales of unfinished furniture $65,000 Receipts from services to stain/paint furniture 12,000 Receipts from sales of paint and stain products 1,000 Expenditures: Cost of furniture $38,000 Cost of stains and paints 2,500 Depreciation expense on building 7,000 Advertising 1,200 Auto expenses (delivering furniture) 900 Loading dock (new) 22,000 Utilities 6,000 Insurance 3,500 Labor (to stain/paint furniture) 9,800 Property taxes 5,000 Delivery truck (used truck) 9,500 Bank fees 2,000 Telephone 2,500 Computer 1,300 Meals and entertainment 1,800 Accounting 6,000 Landscaping 2,400 Maintenance 1,200 The amount for landscaping includes $800 for maintaining the Brock’s personal residence. The utilities include $2,000 of oil that was delivered to the Brock’s home.