Help to Create an income statement based on the above information:

AutoSave O OFF 906 ... 3 CQCOGS[Song] - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Developer Acrobat ? Tell me Share Comments Times New... ~ 12 A" A Aa Ap ab A A T AaBbCcDdEe AaBbCcDdEe AaBbCcDo AaBbCcDdEE AaBb( AaBbCCDdEe Paste BIUvab X x|ALAA Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Dictate pane 15 1 16, 1, 17, 1 ,18, 1, 19, 1, 20,,1 21, 1 22, 183, 1 24, 1, 25 CONCEPT QUIZ-Creating Financial Statements Based on the worksheet below for the quarter ending March 31, create an income statement. Trial Balance Adjustments Adjusted Trial Income Balance Bal. Statement Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 3,850 3,850 3,850 A/R 4.000 4.000 1.000 Merchandise 500 50 450 450 Inventory A/P 320 320 320 Mortgage Payable 500 500 5000 Unearned Rent 600 300 300 300 J. Seal, Capital 2,430 2.430 2,430 J. Seal, Withdrawals 600 600 600 Sales 8,500 8,500 8,500 Sales Ret. & Allow 350 350 350 Cost of Goods Sold 5,550 50 5,600 5.600 Rent Expense 380 380 380 Salaries Expense 320 200 1,020 1,020 Interest Expense 800 800 800 16,850 16,850 Rental Income 300 300 300 Salaries Payable 200 200 200 550 550 17.050 17,050 8.150 8,800 8,900 8,250 Net income 650 650 9,000 8,800 8,900 8,900 Page 1 of 2 220 words English (United States) IT Focus E + 139%