Question: Trial Balance and Adjustments Instructions: Use the data provided tocomplete your income statement. Do notinput data into this tab. Accounts General Ledger Number _Title 100


Trial Balance and Adjustments Instructions: Use the data provided tocomplete your income statement. Do notinput data into this tab. Accounts General Ledger Number _Title 100 Cash 439,000,000 - 110 Accounts Receivable 41,000,000 - 115 Allowance for Bad Debts 1,240,000 120 Inventory 21,345,000 - 130 Notes Receivable - - 135 Accumulated Depreciation - 72,422,000 140 Equipment 55,000,000 160 Buildings 31,000,000 170 Land 22,567,000 180 Patents 80,000 185 Accumulated Amortization190 Interest Receivable195 Prepaid Insurance Expense 200 Accounts Payable 58,050,000205 Unearned Rent Revenue - 300 Common Stock 120,000,000305 APIC - Common Stock 276,000,000 340 Retained Earnings 82,230,000400 Sales Revenue 410 Interest Revenue 405 Rent Revenue 415 Loss on Sale of Equipment500 Cost of Goods Sold 510 Depreciation Expense518 Amortization Expense520 Bad Debt Expense 540 Salaries Expense 560 Insurance Expense 599 Income Tax Expense 600 Dividends Total 609,992,000 609,992,000 Pane in the Glass CompanyIncome StatementFor Year Ended December 31, 2023Sales RevenueCost of Goods SoldGross ProfitOperating Expenses Total Operating ExpensesOperating IncomeOther Items Income Before Tax Net Income
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