Exercise 1-6 (Algo) Prepare an income statement (LO1-3) Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Required: Balances $4,000 1,500 2,000 4,400 1,000 12,400 7,900 4,600 Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses 0 0