Using this information, prepare an accounting income statement for the year.

Sunland Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Sunland Company Adjusted Trial Balance July 31,2022 No. Account Titles Debit Credit 101 Cash $8,200 112 Accounts Receivable 8,700 157 Equipment 16,100 158 Accumulated Depreciation-Equip. $7,800 201 Accounts Payable 4,100 208 Unearned Rent Revenue 2,200 301 Owner's Capital 42,800 306 Owner's Drawings 15,500 400 Service Revenue 63,300 429 Rent Revenue 7,000 711 Depreciation Expense 8,300 726 Salaries and Wages Expense 55,900 732 Utilities Expense 14,500 $127,200 $127,200