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Brief Exercise 2-10 (Algo) Financial statements [LO2-7] The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales

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Brief Exercise 2-10 (Algo) Financial statements [LO2-7] The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $445,000; cost of goods sold, $228,000; salaries expense, $57,000; rent expense, $32,000; depreciation expense, $42,000; and miscellaneous expense, $24,000. Prepare an income statement for 2021. BOWLER CORPORATION Income Statement For the Year Ended December 31, 2021

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