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(b) Prepare an income statement for Swifty Corporation for the year ended December 31, 2022. Swifty Corporation Income Statement For the Year Ended December 31,

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(b) Prepare an income statement for Swifty Corporation for the year ended December 31, 2022. Swifty Corporation Income Statement For the Year Ended December 31, 2022 $ 1 $ e Textbook and Media The following items and amounts were taken from Swifty Corporation's 2022 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable -Service revenue Interest expense $ 69,454 101,018 359,535 94,408 6,410 52,986 72.503 479,660 5,329 40,495 3,941 1,544

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