11:20 * 5G. 56%. Below is the year end trial balance for Knicks Company. KNICKS COMPANY Trial Balance December 31, 2021 Credit Debit Credit Cash $10,900 Accounts Receivable 9,400 Supplies 500 Prepaid Insurance 2,500 Equipment 16,000 Accumulated Depreciation-Equipment $4,800 Accounts Payable 5,800 Salaries and Wages Payable 1.100 Unearned Rent Revenue 800 Common Stock 10,000 Retained Earnings 5,500 Dividends 2,800 Service Revenue 34,600 Rent Revenue 13,100 Salaries and Wages Expense 18,100 Supplies Expense 2,000 Rent Expense 10,800 Insurance Expense 1,500 Depreciation Expense 1,200 $75,700 $75,700 Instructions Prepare the income and statement of changes in stockholder's equity statements for the year and the classified balance sheet at December 31. KNICKS COMPANY Income Statement For the year ended December 31, 2021 III 0