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Given the adjusted trial balance for Husky Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019.What

Given the adjusted trial balance for Husky Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019.What do we need if we want to do vertical and horizontal analysis?

Adjusted Trial Balance

31-Dec-19

Debit

Credit

Cash

$82,500

Accounts receivable

39,200

Supplies

550

Prepaid insurance

820

Equipment

36,000

Accumulated depreciation-equipment

$15,800

Accounts payable

16,500

Unearned service revenue

17,700

Salary payable

42,650

Common shares

23,295

Retained earnings

10,000

Dividends

9,000

Service revenue

100,500

Salary expense

42,850

Supplies expense

3,225

Insurance expense

1800

Depreciation expense-equipment

7200

Utilities expense

3,300

________

$226,445

$226,445

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