Cash. Accounts receivable. Prepaid rent Inventory Equipment Accumulated depreciation-equipment Accounts payable Notes payable due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals Debit 11,700 Credit 162,000 6,200 37,000 420,000 137,000 42,000 42,000 6,300 15,100 260,000 76,400 72,100 520,000 240,000 132,000 27,000 42,000 3,200 3,700 1,098,800. 1,098,800 Required: Prepare an income statement for China Tea Company for the year ended December 31, 2021. CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021 Operating expenses Total operating expenses Operating income Other expense