Students should create an income statement from the trial balance provided:

Ken & Bill Partnership Credits Cash Debits 9,920 850 1,167 1,800 10,000 25 208 8,000 33 Accounts Receivable Prepaid Insurance Equipment Vehicles Accumulated Depreciation Equipment Accumulated Depreciation-Vehicle Notes Payable Accrued Interest Payable Ken, Capital Bill, Capital Revenues Painting Supplies Expense Auto Expense Depreciation Expese Interest Expense Insurance Expense 3,000 3,000 10,230 380 *** 233 33 33 24,496 24,496