Given the adjusted trial balance for the Stoney Creek Resort, prepare the income statement for the year ended December $31,2019.$ There were no owner investments during the year.

Stoney Creek Resort

Adjusted Trial Balance

December $31,2019$

Debit Credit

Cash $$15,000$

Accounts receivable $30,000$

Supplies $3,200$

Prepaid insurance $7,500$

Land $40,000$

Building $160,000$

Accum. amortization$-$building $$12,000$

Equipment $75,000$

Accum. amortization$-$equipment $8,500$

Accounts payable $12,000$

Salary payable $2,000$

Unearned service revenue $25,000$

Mortgage payable $100,000$

Douglas Reycraft, Capital $60,000$

Douglas Reycraft, Withdraw $23,000$

Service revenue $257,200$

Salary expense $65,000$

Utilities expense $24,000$

Insurance expense $13,000$

Amortization expense$-$building $9,000$

Amortization expense$-$equipment $3,000$

Supplies expense $9,000\_\_\_\_\_\_\_\_$

Total $$476,700$ $$476,700$