hese items are taken from the financial statements of Carla Vista Corporation for the year ended December 31, 2021:

Retained earnings, January 1		$216,000
Cash		11,900
Salaries payable		3,000
Utilities expense		2,000
Equipment		60,000
Accounts payable		19,000
Buildings		63,000
Common shares		37,200
Dividends declared		3,000
Service revenue		213,400
Prepaid insurance		2,500
Repairs and maintenance expense		2,800
Land		182,500
Depreciation expense		6,200
Accounts receivable		14,700
Insurance expense		2,200
Salaries expense		121,300
Accumulated depreciationequipment		15,600
Income tax expense		6,000
Supplies		200
Operating expense		39,400
Supplies expense		1,000
Bank loan payable, due 2024		15,000
Trading investments		18,500
Accumulated depreciationbuildings		19,000
Interest expense		1,500
Interest revenue		500

Additional information:

1.	Carla Vista started the year with $25,000 of common shares and issued $12,200 more during the year.
2.	Carla Vista must pay $1,500 of the bank loan payable next year in 2022.

prepare statement of Income for the year