49.

The adjusted trial balance for Kylo Ren's Lightsaber Company at December 31, 2021, is presented below:

	Debit			Credit
Cash		12,500
Accounts receivable		170,000
Prepaid rent		7,000
Inventory		45,000
Equipment		500,000
Accumulated depreciationequipment					145,000
Accounts payable					50,000
Notes payabledue in three months					50,000
Salaries payable					7,900
Interest payable					19,100
Common stock					300,000
Retained earnings					94,000
Dividends		86,500
Sales revenue					600,000
Costs of goods sold		280,000
Salaries expense		140,000
Rent expense		35,000
Depreciation expense		50,000
Interest expense		4,000
Advertising expense		4,500
Totals		1,266,000			1,266,000

Required: Prepare an income statement for Kylo Ren's Lightsaber Company for the year ended December 31, 2021.