Using the Adjusted Trial Balance below prepare an Income Statement in proper form for the month ended August 31, 2018. XYZ COMPANY WORKSHEET FOR THE MONTH ENDED AUGUST 31, 2018 ADJUSTED TRIAL BALANCE ACCOUNT TITLES DEBIT ($) CREDIT ($) 88,000.00 31,100.00 27,800.00 23,600.00 Accumulated depreciation - Machinery Accounts Payable Accounts Receivable Capital - Mr. Owner Cash Depreciation - Machinery Insurance Expense Interest Expense Interest Income Machinery Meals and Entertainment Expense Notes Payable Notes Receivable Owner's Withdrawals - Mr. Owner 56,820.00 8,000.00 1,200.00 200.00 800.00 87,000.00 2,500.00 3,000.00 7,500.00 800.00 ACCOUNT TITLES DEBIT ($) CREDIT ($) I 88,000.00 31,100.00 27,800.00 23,600.00 56,820.00 8,000.00 1,200.00 200.00 800.00 Accumulated depreciation - Machinery Accounts Payable Accounts Receivable Capital - Mr. Owner Cash Depreciation - Machinery Insurance Expense Interest Expense Interest Income Machinery Meals and Entertainment Expense Notes Payable Notes Receivable Owner's Withdrawals - Mr. Owner Service Revenue Supplies Supplies Expense Telephone Expense Unearned Revenue Utilities Expense Wage Expense Wages Payable 87,000.00 2,500.00 3,000.00 7,500.00 800.00 139,000.00 1,200.00 400.00 1,580.00 1,400.00 13,900.00 134,000.00 56,000.00 Totals 342,900.00 342,900.00