Question: Problem (III.) From the following Adjusted Trial Balance prepare only an Income Statement for the year ended 12/31/2012, must be in good form, DO NOT

 Problem (III.) From the following "Adjusted Trial Balance" prepare only an

Problem (III.) From the following "Adjusted Trial Balance" prepare only an Income Statement for the year ended 12/31/2012, must be in good form, DO NOT abbreviate accounts on statements: (15 pts.) $12,000 Peter Plumbing Adjusted Trial Balance Dec 31, 2012 Dr. Salaries Expense $24,000 Rental Service Revenue $ 13,000 Equipment $20,000 Rent Expense Unearned Plumbing Revenue $ 4,000 Prepaid Insurance $ 600 Tax Expense $ 4,000 Cash $ 5,800 Plumbing Revenue $42.000 Accounts Receivable $12,500 Withdrawals-Peter $ 5,400 Notes Payable $ 6,000 Truck $16,000 Postage Expense $ 1,000 Supplies $ 5,000 Capital-Peter $25,000 Insurance Expense $ 3,000 Unearned Repair Revenue $ 1,000 Utilities Expense $ 2,100 Salaries Payable $ 2,000 Accounts Payable $14,400 Repair Revenue $ 4,000 Totals $111,400 $111,400

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