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Che 18 Exercise 3.6 (Algo) Preparing a trial balance and an income statement. LO 3-5, 3-6 4.76 points The following accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals Equipment 60,000 Accounts Receivable () 11,200 (9) (O) 1,400 (a) (d) (9) Cash 174,000 b) 14,000 (0) 1,400 (h) (1) Accounts Payable (0) 30,000 540 9.400 3.400 Supplies 30,000 Scott Hamilton, Capital (a) 174,000 40.000 (b) Beforences Fees TO Telephone Espen 500 (d) 14,000 11,200 e) Hots Hanilton, Drawing 3,400 Salarios Esp 9,400 (h) Required: Prepare a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 20x1, and the income statement is for the month ended December 31, 20X1. S 20 18 Required: Prepare a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 20X1, and the income statement is for the month ended December 31, 20X1. 4.76 points Complete this question by entering your answers in the tabs below. Book Hint Print References Trial Balance Income Statement Prepare an income statement for Residential Relocators for the month ended December 31, 20X1. RESIDENTIAL RELOCATORS Income Statement Month Ended December 31, 20X1 Revenue Fees Income $ 25,200 Expenses Salaries expense Telephone expense $ 9,400 540 Total expenses 9,940