Please help with Income Statement!

Great Adventures Problem AP8-1 (GL) At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $31,000, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $11,000 of the $31,000 loan discussed above is due next year. By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $26,000 during the year and recorded those as Deferred Revenue. Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $13,000. For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $5,000. Prepare an income statement for the period ended December 31, 2022. Choose the appropriate accour company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each selection. Post-closing GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 $ 0 Revenues: Service Revenue Sales Revenue Sales Discounts 0 0 0 0 0 $ 0 0 Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Rent Expense Insurance Expense Repairs and Maintenance Expense Warranty Expense 0 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (Loss) Interest Expense 0 0 0 0 0 Income Before Income Taxes Income Tax Expense Net Income Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Requires a " in the first account field.) View transaction list View journal entry worksheet No General Journal Debit Credit Date Dec 31 775 Requirement General Journal General Ledger Interest Expense Interest Payable Trial Balance Income Statement Balance Sheet 775 2 2 Dec 31 11,000 Notes Payable (Long-term) Notes Payable (Current) Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. 11.000 2 Dec 31 3 20,000 Post-closing Deferred Revenue Sales Revenue 20,000 GREAT ADVENTURES, INC. Trial Balance December 31, 2022 4 Dec 31 13,000 Loss Contingent Liability 13.000 Account Title Credit Dec 31 5,000 Warranty Expense Warranty Liability 5.000 $ Debit 89,220 51,000 6 Dec 3 45,000 130,000 2,500 Service Revenue Sales Revenue Interest Revenue Sales Discounts Retained Earnings 220 8,000 400 174 820 1,000 69,700 7 Dec 31 131,175 26,250 21,800 Retained Earings Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expense Loss 775 15,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Deferred Revenue Notes Payable (Current) Notes Payable (Long-term) Contingent Liability Warranty Liability Common Stock Retained Earnings Total 39.000 17.750 750 26,500 2.650 1.925 2,900 15.000 6.200 5001 5,000 13,000 6,000 11,000 20,000 13,000 5,000 20,000 77,595 $ 218,920 $ 218,920