Activity 1b - More Practice with Preparing the income Statement Prepare the income Statement from the Adjusted Trial Balance. Within each section of the statement, enter the accounts and the account balances. Then, calculate total expenses and net income. SMART TOUCH LEARNING Adjusted Teal Balance December 31, 2016 Debit Credit Account Title Revenue 9.200 Accountable 200 Expenses Office Supplies 11.200 19.500 Furniture 700 Accumulated Deprecation-Furniture 2.300 Accounts Payable 550 Salaries Payable 300 Total Expenses interest Payable 5.600 named Revenue Net Income 7,800 Notes Payable 10.900 Common Stock 11.200 Retained Earnings Deadende 26.400 50.700 Service leven 2200 Depreciation Expense-Parture 300 interest Expense antenne 1300 Salaries Expense 1900 Supples pense Total 95.100 95.990