diff --git a/hledger-lib/Hledger/Reports.hs b/hledger-lib/Hledger/Reports.hs
index cf556edec..c48561da7 100644
--- a/hledger-lib/Hledger/Reports.hs
+++ b/hledger-lib/Hledger/Reports.hs
@@ -21,6 +21,7 @@ module Hledger.Reports (
   journalSelectingDateFromOpts,
   journalSelectingAmountFromOpts,
   filterSpecFromOpts,
+  queryFromOpts,
   -- * Entries report
   EntriesReport,
   EntriesReportItem,
@@ -63,7 +64,7 @@ import Text.Printf
 import Hledger.Data
 import Hledger.Utils
 
--- report options, used in hledger-lib and above
+       -- standard report options, used in hledger-lib and above
 data ReportOpts = ReportOpts {
      begin_          :: Maybe Day
     ,end_            :: Maybe Day
@@ -166,7 +167,7 @@ journalSelectingAmountFromOpts opts
     | cost_ opts = journalConvertAmountsToCost
     | otherwise = id
 
--- | Convert application options to the library's generic filter specification.
+-- | Convert report options to a (old) filter specification.
 filterSpecFromOpts :: ReportOpts -> Day -> FilterSpec
 filterSpecFromOpts opts@ReportOpts{..} d = FilterSpec {
                                 datespan=dateSpanFromOpts d opts
@@ -179,6 +180,21 @@ filterSpecFromOpts opts@ReportOpts{..} d = FilterSpec {
                                }
     where (apats,dpats) = parsePatternArgs patterns_
 
+-- | Convert report options to a (new) query.
+queryFromOpts :: ReportOpts -> Day -> Matcher
+queryFromOpts opts@ReportOpts{..} d = -- strace $
+    MatchAnd $
+      [MatchDate $ dateSpanFromOpts d opts]
+      ++ (if null apats then [] else [MatchOr $ map MatchAcct apats])
+      ++ (if null dpats then [] else [MatchOr $ map MatchDesc dpats])
+      -- ++ (if null mds then [] else [MatchOr $ map MatchMetadata mds])
+      ++ (if real_ then [MatchReal True] else [])
+      ++ (if empty_ then [MatchEmpty True] else [])
+      ++ (maybe [] ((:[]) . MatchStatus) (clearedValueFromOpts opts))
+      ++ (maybe [] ((:[]) . MatchDepth) depth_)
+    where
+      (apats,dpats,mds) = parsePatternArgs patterns_
+
 -- | Gather filter pattern arguments into a list of account patterns and a
 -- list of description patterns. We interpret pattern arguments as
 -- follows: those prefixed with "desc:" are description patterns, all
diff --git a/hledger/Hledger/Cli/Incomestatement.hs b/hledger/Hledger/Cli/Incomestatement.hs
index dcd49376b..c14ef989d 100644
--- a/hledger/Hledger/Cli/Incomestatement.hs
+++ b/hledger/Hledger/Cli/Incomestatement.hs
@@ -21,8 +21,10 @@ import Hledger.Cli.Balance
 -- | Print a standard income statement.
 incomestatement :: CliOpts -> Journal -> IO ()
 incomestatement CliOpts{reportopts_=ropts} j = do
-  let incomereport@(_,income)    = accountsReport2 ropts (journalIncomeAccountQuery j) j
-      expensereport@(_,expenses) = accountsReport2 ropts (journalExpenseAccountQuery j) j
+  d <- getCurrentDay
+  let m = queryFromOpts ropts d
+      incomereport@(_,income)    = accountsReport2 ropts (MatchAnd [m, journalIncomeAccountQuery j]) j
+      expensereport@(_,expenses) = accountsReport2 ropts (MatchAnd [m, journalExpenseAccountQuery j]) j
       total = income + expenses
   LT.putStr $ [lt|Income Statement