Please answer question #40, SHOWING ALL WORK ACCORDINGLY ON ALL SECRIONS NOT YET ANSWERED. Thank you!

The adjusted trial balance of Whispering Winds Corp. at December 31, 2022, includes the following accounts: Retained Earnings $16,500, Dividends $5,300, Service Revenue $38,000, Salaries and Wages Expense $13,000, Insurance Expense $1,810, Rent Expense $4,010, Supplies Expense $1,540, and Depreciation Expense $960. Prepare an income statement for the year. WHISPERING WINDS CORP. Income Statement For the Year Ended December 31, 2022 $ 38,000 Expenses Revenues Total Expenses Total Revenues Net Income /(Loss) Retained Earnings, January 1 Retained Earnings, December 31 Dividends $ 13,000 Insurance Expense 1.8.10 1 Rent Expense 4,010 1 Supplies Expense 1.540 1 Depreciation Expense 960