Given the adjusted trial balance for Duck Go Inc. below as of December $31,2021,$ prepare the income statement for the year ended December $31,2021.$

Adjusted Trial Balance

$31-$Dec$-20$

Debit

Credit

Cash

$$82,500$

Accounts receivable

$39,200$

Supplies

$550$

Prepaid insurance

$820$

Equipment

$36,000$

Accumulated depreciation$-$equipment

$$15,800$

Accounts payable

$26,500$

Unearned service revenue

$15,700$

Salary payable

$42,650$

Common shares

$23,295$

Retained earnings

$10,000$

Dividends

$9,000$

Service revenue

$92,500$

Salary expense

$41,850$

Supplies expense

$3,225$

Insurance expense

$2800$

Depreciation expense$-$equipment

$7200$

Utility expense

$3,300$

$\_\_\_\_\_\_\_\_$

$$226,445$

$$226,445$

Answer rating: 100% (QA)

Sure Heres the income statement for Duck Go Inc for the year ended December 31 2022 ... View the full answer