Hank's Hair Company has the following trial balance at December 31, 2020: Debit Credit Cash $10,500 Accounts Receivable 15,000 Office Supplies 2,000 Hair Product Supplies 35,000 Land 175,000 Accounts Payable $14,000 Notes Payable 52,000 Hank's, Capital 166,000 Hank's, Withdrawals 19,000 Haircutting Revenue 126,000 Hair Products Expense 33,500 Salaries Expense 60,000 Office Supplies Expense 7,000 Interest Expense 1,000 $358,000 $358,000 The company wants to prepare financial statements for its year ended December 31, 2020. Required (7 marks): Prepare an income statement for the year ended December 31, 2020 in good form