Problem $3-5$B $($Algo$)$ Prepare financlal statements from an adjusted trlal balance $($LO$3-5)$

Lllac Designs provides consulting services related to home decoration. Lilac Designs provides customers with recontmendations for a

full range of home decor, Including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the

yearend adjusted trial balance of Lllac Designs.

Required:

Prepare an income statement for the $y$ ear ended December $31,2024.$