2020		2021
		Debit	Credit	Debit	Credit
Cash		$ 134,510		$ 438,906
Accounts Receivable		$ 17,200		$ 148,500
Inventory		$ 33,600		$ 38,000
Prepaid Expenses		$ -		$ 26,675
Building		$ 325,000		$ 325,000
Computers & Software		$ 9,500		$ 9,500
Furniture & Fixtures		$ 21,000		$ 21,000
Land		$ 82,000		$ 82,000
Machinery & Equipment		$ -		$ 124,500
Accumulated Depreciation			$ 8,775		$ 45,225
Accounts Payable			$ 12,311		$ 18,040
Payroll Tax Payable			$ 136		$ 719
Sales Tax Payable			$ 22,135		$ 9,653
Unearned Revenue			$ -		$ 70,300
Line of Credit			$ 250,000		$ 250,000
Notes Payable			$ -		$ 106,008
Peters, J., Capital			$ 2,500		$ 2,500
Peters, M., Capital			$ 2,500		$ 2,500
Retained Earnings			$ 201,301		$ 324,453
Custom Cabinet Sales			$ -		$ 647,500
Material & Supplies Sales			$ 288,368		$ 305,670
Small Tool Sales			$ 35,972		$ 37,051
Tool Rental Revenue			$ 16,201		$ 70,200
COGS: Custom Cabinets		$ -		$ 122,325
COGS: Material & Supplies		$ 92,278		$ 97,815
COGS: Small Tools		$ 21,735		$ 22,387
COGS: Wages		$ 33,721		$ 207,791
Depreciation Expense		$ 8,950		$ 36,450
Insurance Expense		$ 6,426		$ 26,675
Office Supplies Expense		$ 1,464		$ 1,625
Payroll Tax Expense		$ 6,069		$ 37,402
Postage Expense		$ 347		$ 385
Small Tool Expense		$ 6,162		$ 7,900
Interest Expense		$ 7,500		$ 12,724
Income Tax Expense		$ 32,737		$ 102,258
		$ 840,199	$ 840,199	$ 1,889,818	$ 1,889,818

create an income statement for 2021 from the trial balance