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The adjusted trial balance for the year of Nelson Corporation at July 31,2021 , follows. (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Nelson Corporation's 2021 single-step income statement, statement of retained eamings, and balance sh Begin by preparing Nelson's 2021 income statement. Nelson Corporation Adjusted Trial Balance Interest payable Unearned service revenue Income tax payable Note payable Common stock Retained earnings Dividends 11,000 Service revenue Depreciation expense - equipment Salary expense Rent expense Interest expense Insurance expense Supplies expense Income tax expense Total $159,700$159,700