22 The adjusted trial balance for China Tea Company at December 31, 2021, is presented below. Debit Credit 75. Doints 03 Cash Accounts receivable Prepaid rent Inventory 12,500 170,000 7,000 45,000 Equipment Accumulated depreciation-equipment Accounts payable 500,000 145,000 50,000 02:56:55 Notes payable-due in three months 50,000 Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 6,000 19,100 300,000 94,000 90,500 600,000 280,000 140,000 35,000 50,000 4,000 4,500 1,266,000 1,264,100 Required: Prepare an income statement for China Tea Company for the year ended December 31, 2021 CHINA TEA COMPANY Income Statement