he adjusted trial balance forCullumber Companyis given below:

CULLUMBER COMPANY

Trial Balance

August 31, 2022Before

Adjustment

After

Adjustment

Dr.Cr.Dr.Cr.Cash$10,940$10,940Accounts Receivable8,6909,420Supplies2,5301,390Prepaid Insurance4,4703,090Equipment15,00015,000Accumulated DepreciationEquipment$3,375$4,575Accounts Payable5,4205,420Salaries and Wages Payable01,390Unearned Rent Revenue1,9101,100Common Stock16,45016,450Retained Earnings5,2005,200Dividends2,9202,920Service Revenue32,03032,760Rent Revenue12,04012,850Salaries and Wages Expense16,53017,920Supplies Expense01,140Rent Expense15,34515,345Insurance Expense01,380Depreciation Expense01,200$76,425

$76,425

$79,745

$79,745

Prepare the income statement for the year ended August 31.