Question: Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31. 20XX. Hinkleton Widgets Adjusted Trial Balance December 31, 20xx

Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31. 20XX. Hinkleton Widgets Adjusted Trial Balance December 31, 20xx ACCOUNT TITLE DEBIT CREDIT Cash $ 395,000 Accounts Receivable $ 110,000 Supplies $ 103,000 Equipment $ 150,000 Accumulated Depreciation - Equipment $ 78,000 Accounts Payable $ 4,000 Unearned Revenue $ 12,000 A.B. Cee, Capital $366,000 A.B. Cee, Drawing $ 27,000 Fees Earned $ 700,000 Wages Expense $ 120,000 Rent Expense $ 75,000 Supplies Expense $ 180,000 Totals $ 1,160,000 $1,160,000
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