Below is a fact scenario. Using the box provided to the right, prepare an Income Statement for Carey's Catering Service for the year ending December 31, 2021, demonstrating that Carey earned income of $75,400. Assume the company is not subject to income tax. You are expected to provide at least 5 separate expense accounts. During the spring semester of her senior year, Carey decided to open a catering business. She created her business in December 2020 by investing $15,000 of her own money and she borrowed $20,000 from the bank by signing a two-year note payable promising to pay interest every 12 months with the first interest payment due December 31, 2021. On January 1, 2021 she rented a small kitchen space and purchased a stove, supplies, and food. At the end of 2021 Carey had no supplies or food left over. A review of the checkbook showed the following: Bank deposits of collections from customers totaled $110,000. The following checks had been written: disposable plates and utensils, $4,300; food, $11,500; buying a used stove $12,000; workers' wages, $6,200; interest on the loan, $1,900; cell phone bill, $1,700; rent, $11,000. A notebook kept in the kitchen reflected the following: Customers still owed her $9,000 for catering services already rendered and she owed $3,000 for disposable plates and utensils (credit card charges). In addition, Carey estimated that she used up one third of the stove during 2021.