Question 16 (5 points) Prepare the Income Statement for ABC Company as at December 31, 2014 using the following trial balance. Cash 4,000 Accounts Receivable 4,000 Inventory 10,000 Prepaid Expenses 500 Land 10,000 Accounts Payable 5,000 Salaries Payable 2,000 Unearned Revenue 1,000 20,000 2,800 Retained Earnings Sales revenue Cost of goods sold Rent expense 500 1,000 Salary expense 800 29,800 29,800