Create an income statement using the following adjusted trial balances. Trail Balance Adjustments Adjusted Trial Balance

Account Debit Credit Debit Credit Debit Credit

Cash $$49,00049,000$

Accounts Receivable $45,00045,000$

Office Supplies $1,300920380$

Prepaid Store Insurance $2,4001,500900$

Inventory $55,5001,10056,600$

Store Equipment $130,000130,000$

Accumulated Depreciation $-$ Store Equipment $$60,00015,00075,000$

Office Equipment $88,00088,000$

Accumulated Depreciation $-$ Office Equipment $32,50010,00042,500$

Accounts Payable $33,30018,00051,300$

Unearned Revenue $34,00017,00051,000$

Note Payable $($Due in $3$ years$)50,00050,000$

Common Stock $60,00060,000$

Retained Earnings $60,70060,700$

Dividends $10,00010,000$

Sales $885,20017,000870,400$

Sales Returns and Allowances $36,00036,000$

Cost of Goods Sold $505,0001,100506,100$

Advertising Expense $36,00036,000$

Depriciation Expense $-$ Office Equipment $-10,00010,000$

Depreciation Expense $-$ Store Equipment $-15,00015,000$

Sales Salaries Expense $78,5009,00087,500$

Office Salaries Expense $120,0009,000129,000$

Sells Department Rent Expense $32,00032,000$

Administration Rent Expense $27,00027,000$

Store Insurance Expense $-1,5001,500$

Office Supplies Expense $-920920$

$$1,215,700$ $$1,215,70063,52063,5201,260,9001,260,900$