Here is the adjusted trial balance of Rey Lantin Services for the calendar year 20X1. Make a single-step statement of income for the year. Credit Debit 100,000 480,000 P5,000 10,000 660,000 Accounts Cash in Bank Account Receivable Allowance for Bad debts Prepaid Rent Office Equipment Acc. Dep. - Office Equipment Salaries Payable Accounts Payable Rey Lantin, Capital Service Income Cost of Service Administrative Salaries Advertising Expense Utilities Expense Transportation Expense Bad Debt Expense Depreciation Expense Rent Expense 60,000 30,000 240,000 455,000 2,000,000 1,050,000 280,000 70,000 60,000 9,000 5,000 6,000 60,000 TOTALS P 2.790.000 P 2.790.000