Question: Image 1below is the complete trail balance worksheet , please help me complete the income statement in the second image. I'm only not sure how
Silver Tone Partners, Inc. Trial Balance Worksheet 12/31115 1231116 123116 Debit 10000-Cash-Checking 310,000 2000-Accounts Receivable 46,750 13200-Inentory 9 15000 -Furniture and E 6,250 3,000 017000-Accumulated eprecaon 2500 18000-Prepaid Rent 218700-Prepaid Insurance 3,000 1,000 4,000 9,000 20000-Accounts Payable 42,500 2,000 38,000 4 21000-Payroll Payable 8,000 15 23000-Accrued E-penses 16 24000-Note Payable Current 12000 8000 12,000 88,000 1,000 12,000 28000- Note Payable Long Term 18 30100-Capital Stock 1930200-Dvidends Paid 2,000 2000 4,000 2032000-Retained Earnings 210.000 378,750 210,000 210,000 10,500 220,500 147900-Sal 378,750 51000-Cost of Goods Sold 53,750 2000 17,500 10,000 163,750 2,000 17,500 0,000 362400-Depreciation Expense 463300-Insurance Expense ,000 9,000 8500 63400-Interost Expense 64300-Meals and Entertainment 400 4900-Office Supples 65600-Paynoll Expenses 102.000 8,000 2 66700Professional Fees 66750 -Rent Expense ,00042,300 17,000 42,300 7 000 43.300 68400-Travel Expense 3260600-Utides S 256 500 256,500 741250 741250220002200071290 7512378 750 378 70383000 383000
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