E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries (LO 4-2, LO 4-3, LO 4-4, LO 4-5) [The following information applies to the questions displayed below.) Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Credit Debit $ 52 14 9 108 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable salaries and Wages Payable Income Tax Payable Common Stock Retained Earningo Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense Income Tax Expense Totala $0 14 0 0 104 17 112 0 24 40 0 $ 247 $ 247 Other data not yet recorded at December 31: a. Insurance expired during the year, $7. b. Depreciation expense for the year. $6. c. Salaries and wages payable, $9. d. Income tax expense, $11. E4-17 (Algo) Part 1 Required: Using the adjusted balances, prepare an income statement for the year ended December 31. (Enter your answers in thousands of dollars.) MINT CLEANING INCORPORATED Income Statement (in thousands of dollars)