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how do i complete income statement? The adjusted trial balance for China Tea Company at December 31, 2021, is presented below. Debit Cash Credit 11,300

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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below. Debit Cash Credit 11,300 Accounts receivable 158,00 Prepaid rent 5,800 Inventory 33.000 Equipment 380,000 Accumulated depreciation equipment 133,00 Accounts payable 38,000 Notes payable-due in three months 38.000 Salaries payable 4.800 Interest payable 13,100 Common stock 240,000 Retained earnings 67,600 Dividends 67,700 Sales revenue 480,000 Costs of goods sold 220,000 Salaries expense 128.000 Rent expense 23.00 Depreciation expense 38,000 Interest expense Advertising expense 2.300 Totals 1,015,200 1,014,500 06 2,800 Required Prepare an income statement for China Tea Company for the year ended December 31, 2021 CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold $ 480.000 (220.000) Required: Prepare an income statement for China Tea Company for the year ended December 31, 2021, 480,000 220,000) 260.000 CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021 Sales revenue 5 Cost of goods sold Gross profit Operating expenses Salaries expense $ 120.000 Rent expense 23.000 Depreciation expense 35.000 Interest expense 2.800 Advertising expense 3,300 Total operating expenses Operating income Other expense 196,100 $ 0 Net income

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