Adjusted trial balance The adjusted trial balance of Nicholl Ltd. at December 31, 2020, follows. (Click the icon to view the adjusted trial balance.) Requirements avoided this difficult situation. Begin by preparing Nicholl Ltd.'s 2020 income statement. (Use parentheses or a minus sign for a net loss.) Adjusted trial balance The adjusted trial balance of Nicholl Ltd. at December 31, 2020, follows. (Click the icon to view the adjusted trial balance.) Requirements avoided this difficult situation. Begin by preparing Nicholl Ltd.'s 2020 income statement. (Use parentheses or a minus sign for a net loss.)