15. 600 points The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit 1,140 1,100 1,400 Prepaid Insurance Notes Receivable (ong-term) 2,100 11,100 Equipment 1,700 Accumulated Depreciation 4,970 Accounts Payable Salaries and Wages Payable 1,100 2,000 Income Taxes Payable 510 Unearned Revenue 1,500 1,100 Retained Earnings 210 Sales Revenue 36,880 Rent Revenue 210 Salaries and Wages Expense 20,700 Depreciation Expense Utilities Expense 3,320 Insurance Expense 950 Rent Expense 5,100 Income Tax Expense 2,000 $49,970 $49.970 1. Prepare an income statement for the year ended December 31. SKY BLUE CORPORATION Income Statement