$220$ Exam $1$ ch $14$

Question $12$ of $20$

Current Attempt in Progress

The adjusted trial balance of Crane Financial Planners appears below.

$\backslash$table$[[$Crane Financial Planners Adjusted Trial Balance December $31,2020],[,$Debit,Credit$],[$Cash$,$$$6,174,],[$Accounts Receivable,$2,898,],[$Supplies$,2,268,],[$Equipment$,17,640,],[$Accumulated Depreciation$-$Equipment,,$$3,780],[$Accounts Payable,,$4,158],[$Unearned Service Revenue,,$7,560],[$Owner$\text{'}$s Capital,,$18,396],[$Owner$\text{'}$s Drawings,$3\mathrm{.}150,],[$Service Revenue,,$5,670],[$Supplies Expense,$882,],[$Depreciation Expense,$3,402,]]$

MacBook ProQuestion $12$ of $20$

$($a$)$

Using the information from the adjusted trial balance, you are to prepare for the month ending December $31,2020$:

An income statement. $($Enter negative amounts using either a negative sign preceding the number eg$.-45$ or parentheses eg$.(45).)$

Crane Financial Planners

Income Statement

December $31,2020$

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