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Required information The following information applies to the questions displayed below.] Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31: Debits $ 56,720 23,600 86,000 64,000 Account Titles Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciatiorn Accounts Payable Common Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and Wages Expense Office Expenses Interest Expense Income Tax Expense Totals Credits $ 26,900 39,800 118,000 14,400 225,800 131,600 22,600 23,600 3,400 13,38 424,900 $424,900 Required 11 12 of 15 Next > Answer is complete but not entirely correct. PSYMON COMPANY, INC. Income Statement For the Year Ended December 31 Sales Revenue Cost of Goods Sold Gross Profit s 225,800 131,600 94,200 Salaries and Wages Expense Office Expenses Income from Operations Interest Expense Income before Income Tax Expense Income Tax Expense 22,600 23,600 46,000 3,400 42,600 13,380 Net Income S 29,220