c1?

Current Attempt in Progress The following is Wildhorse Cycle Repair Shop's trial balance at January 31, 2021, the company's fiscal year end: WILDHORSE CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $3,600 Accounts receivable 6,710 6,420 Prepaid insurance Supplies 5,240 Land 59,000 190,000 $11,000 27,000 4,500 7.400 Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue Mortgage payable H.Dude, capital H.Dude, drawings Service revenue 22.030 182,400 61,000 92,100 239,550 Salaries expense 119,200 Equipment 27,000 4,500 7.400 22.030 182,400 61,000 Accumulated depreciation-equipment Accounts payable Unearned revenue Mortgage payable H. Dude, capital H.Dude, drawings Service revenue Salaries expense Utilities expense Interest expense 92,100 239,550 119,200 12.000 6,610 $ 527,880 $ 527,880 Additional information: 1. 2 3 The 12-month insurance policy was purchased on June 1, 2020, A physical count of supplies shows $ 1,310 on hand on January 31, 2021, The building has an estimated useful life of 50 years. The equipment has an estimated useful life of 9 years. The mortgage payable has a 6% interest rate. Interest is paid on the first day of each month for the previous month's interest By January 31, 2021, $ 1,300 of services related to the unearned revenue have been provided. During the next fiscal year. $ 4,500 of the mortgage payable is to be paid. 4. 5. 6. (b) Your answer is correct Prepare an adjusted trial balance. (Round answers to 0 decimal places, e.g. 125.) WILDHORSE CYCLE REPAIR SHOP Adjusted Trial Balance January 31, 2021 Debit Credit Cash 3600 Accounts Receivable 6710 Prepaid Insurance 2140 Supplies 1310 Land 59000 Building 190000 Accumulated Depreciation-Building 14800 Equipment 27000 Accumulated Depreciation - Equipment 7500 Accounts Payable 7400 Accumulated Depreciation - Equipment 7500 Accounts Payable 7400 Interest Payable 912 Unearned Revenue 20730 Mortgage Payable 182400 H. Dude, Capital 61000 H.Dude, Drawings 92100 Service Revenue 240850 Salaries Expense 119200 Utilities Expense 12000 LAHORARIO Interest Expense 7522 Insurance Expense 4280 Supplies Expense 3930 Depreciation Expense 6800 Total 535592 $ $ 535592 (c1) Prepare an income statement. WILDHORSE CYCLE REPAIR SHOP Income Statement $ $