Please answer the following questions using the screenshots and show your work. Thanks

Check my wor Required information Part 1 of 2 (The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit points Debit $ 1,410 3,800 4,100 4,900 eBook No Print Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Tages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total 1,900 4,700 960 4,200 1,720 480 References 58,2 00 25,200 3,100 6,020 3,200 7,800 4,700 $85,610 $85, 610 Required: 1. Prepare an income statement for the year ended December 31. 2. How much net income did the Sky Blue Corporation generate during the year? Check my work Part 1 of 2 Required: 1. Prepare an income statement for the year ended December 31. 2. How much net income did the Sky Blue Corporation generate during the year? points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Print Prepare an income statement for the year ended December 31. References SKY BLUE CORPORATION Income Statement For the Year Ended December 31 Revenues Sales Revenue Rent Revenue Total Revenues Expenses Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense |_Recurent II Recure Required information Part 1 of 2 SKY BLUE CORPORATION Income Statement For the Year Ended December 31 Revenues Sales Revenue Rent Revenue 10 points eBook Print Total Revenues Expenses Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense References Total Expenses Net Income Net Loss -, 12V 480 58,230 480 Relalleu Carrilnys Dividends Sales Revenue Rent Revenue Salaries and wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total Part 1 of 2 25,200 3,100 6,020 3,200 7,800 4,700 $85,610 $85,610 10 points Required: eBook 1. Prepare an income statement for the year ended December 31. Print 2. How much net income did the Sky Blue Corporation generate during the year? References Complete this question by entering your answers in the tabs below. Required 1 Required 2 How much net income did the Sky Blue Corporation generate during the year? Net Income