Requilred Information

E$4-16$ through E$4-18($Static$)$ Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial

Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording

Closing Entries $[$LO $4-2,$ LO $4-3,$ LO $4-4,$ LO $4-5,$ LO $4.$

$[$The following information applies to the questions displayed below.$]$

Mint Cleaning. Incorporated, prepared the following unadjusted trial balance at the end of its second year of operations

ending December $31.($Assume amounts are reported in thousands of dollars.$)$

Other data not yet recorded at December $31$:

a$.$ Insurance expired during the year, $$5.$

b$.$ Depreciation expense for the year, $$4.$

c$.$ Salaries and wages payable, $$7.$

d$.$ Income tax expense, $$9.$

E$4-17($Static$)$ Part $1$

Required:

Using the adjusted balances, prepare an income statement for the year ended December $31.$

Note: Enter your answers in thousands, not In dollars $($l$.$e$.,10,000$ should be entered as $10).$