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10) Given the adjusted trial balance for the Stoney Creek Resort, prepare the income statement for the year ended December 31, 2023. There were no

10) Given the adjusted trial balance for the Stoney Creek Resort, prepare the income statement for the year ended December 31, 2023. There were no owner investments during the year. Stoney Creek Resort Adjusted Trial Balance December 31, 2023 Debit Credit Cash $15,000 Accounts receivable 30,000 Supplies 3,200 Prepaid insurance 7,500 Land 40,000 Building 160,000 Accum. amortization-building $12,000 Equipment 75,000 Accum. amortization-equipment 8,500 Accounts payable 12,000 Salary payable 2,000 Unearned service revenue 25,000 Mortgage payable 100,000 Douglas Reycraft, Capital 60,000 Douglas Reycraft, Withdraw 23,000 Service revenue 257,200 Salary expense 65,000 Utilities expense 24,000 Insurance expense 13,000 Amortization expense-building 9,000 Amortization expense-equipment 3,000 Supplies expense 9,000 ________ Total $476,700 $476,700 Answer: Stoney Creek Resort Income Statement For the Year Ended December 31, 2023 Revenue: Service revenue $-- Expenses: Salary expense $-- Utilities expense -- Insurance expense -- Amort. expense-building -- Amort. expense-equipment -- Supplies expense -- Total expenses ----- Net income $

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