Based on the ending trial balance, create an income statement.

1. All totals are linked from the ending balance amounts on the Trial Balance.

2. All sub-totals and totals are accurately calculated (using Excel formulas).

3. Ensure that $ signs are used correctly.

4. Ensure that statement heading is correct.

C D E G H February 1, 2022 Beginning Balances Debit Credit 69,160.00 12,500.00 5,250.00 1,800.00 4,000.00 Transactions (from journal Entries a through o.) Debit Credit 28,503.50 18,982.00 11,707.00 18,353.50 1,875.00 1,750.00 2,760.00 February 28, 2022 Unadjusted Adjusting Journal Entries (Entries Trial Balance p. through u.) Debit Credit Debit Credit 9,521 50 6,646.50 125.00 2,760.00 150.00 6,000.00 Adjusted/Ending Trial Balance Debit Credit 78,681.50 5,853.50 5,375.00 4,410.00 2,000.00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 6,120.00 2,465.00 2,465.00 8,585.00 4,250.00 238.00 4,488.00 10,080.00 120.00 10,200.00 4,320.00 120.00 4,440.00 16 4,615.00 3,115.00 1,225.00 465.00 2,325.00 1,500.00 465.00 3,775.00 465.00 3,775.00 510.00 2,550.00 4,340.00 510.00 1,100.00 17 18 19 20 21 22 9,200.00 9,200.00 Acct Description 1000 Cash 1010 Accounts Receivable 1020 Inventory 1030 Prepaid Insurance 1040 Prepaid Rent 1100 Building 1110 Computers & Software 1115 Accumulated Dep Comp 1120 Furniture & Foxtures 1125 Accumulated Dep F&F 1130 Land 1140 Machinery & Equipment 1150 Accumulated Dep M&E 2000 Accounts Payable 2010 Payroll Tax Payable 2015 Wages Payable 2020 Sales Tax Payable 2030 Unearned Revenue 2040 Line of Credit 2050 Notes Payable 3000 Peters, J., Capital 3010 Peters, M., Capital 3050 Retained Earnings 5000 Designing Revenue 5010 Furnishing Sales 5020 Cost of Goods Sold 6000 Vendor Compensation 6010 Contract Labor Expense 6020 Materials Expense 6040 Wages Expense 6050 Depreciation Expense 6060 Insurance Expense 6070 Office Rent Expense 6080 Office Supplies Expense 6090 Payroll Tax Expense 6100 Postage Expense 6110 Small Tools Expense 1,250.00 1,250.00 84,625.00 1,250.00 1,250.00 84,625.00 900.00 900.00 900.00 23 24 25 26 27 28 29 30 525.00 525.00 525.00 9,200.00 9,200.00 9,200.00 31 32 33 34 35 36 2,550.00 238.00 150.00 6,000.00 2,550.00 238.00 150.00 6,000.00 225.00 510.00 275.00 50.00 225.00 510.00 37 38 39 40 41 108,910.00 108,910.00 53,850.50 53,850.50 19,861.50 19,861.50 9,568.00 9,568.00 123,303.00 123,303.00