Question: This is the adjusted trial balance sheet how do you prepare the income statement from the following information: Adjusted Trial Balance Debit Credit Cash $

This is the adjusted trial balance sheet how do you prepare the income statement from the following information:

Adjusted Trial Balance

Debit

Credit

Cash

$ 4,800

Accounts Receivable

$ 1,600

Supplies

$ 90

Prepaid Insurance

$ 790

Equipment

$ 3,600

Accumulated Depreciation

$ 70

Accounts Payable

$ 130

Wages Payable

$ 480

Common Stock

$ 7,500

Retained Earnings

Dividends

$ 200

Service Revenue

$ 9,400

Rent Expense

$ 650

Wages Expense

$ 4,560

Insurance Expense

$ 50

Supplies Expense

$ 90

Depreciation Expense

$ 70

Totals

$ 17,580

$ 17,580

Tahlya Lowery INC

Income Statement

For the month Ended December 31, 20XX

Revenues

Operaating expenses

Net Income

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