August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,500 $10,500 Accounts Receivable 8,700 9,500 Supplies 2,300 500 Prepaid Insurance 4,000 2,700 Equipment 12,400 12,400 Accumulated Depreciation-Equipment $3,600 $4,300 Accounts Payable 5,900 5,900 Salaries and Wages Payable 0 1,300 Unearned Rent Revenue 1,600 600 Owner's Capital 13,900 13,900 Service Revenue 34,200 35,000 Rent Revenue 10,900 11,900 Salaries and Wages Expense 17,200 18,500 Supplies Expense 0 1,800 Rent Expense 15,000 15,000 Insurance Expense 0 1.300 Depreciation Expense 0 700 $70,100 $70,100 $72,900 $72,900 Prepare the income statement for the year. SANDHILL COMPANY Income Statement $