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I just need help on Income statement! Thanks. Flounder Corp.'s unadjusted trial balance at December 1, 2017 is presented below. Credit Debit $27,000 36,400 10,000

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Flounder Corp.'s unadjusted trial balance at December 1, 2017 is presented below. Credit Debit $27,000 36,400 10,000 0 36,060 3,300 22.000 154,200 62,000 9.900 $450 51,400 24,800 28.200 O 11,600 0 Cash Accounts Receivable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment Patent Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Notes Payable (due April 30, 2018) Income Taxes Payable Interest Payable Notes Payable (due in 2023) Common Stock Retained Earnings Dividends Sales Revenue Interest Revenue Gain on Disposal of Plant Assets Bad Debt Expense Cost of Goods Sold Depreciation Expense Income Tax Expense Insurance Expense Interest Expense Other Operating Expenses Amortization Expense Salaries and Wages Expense Total 0 35.900 58.900 15.510 12,000 948,500 0 O 0 639.000 0 0 0 0 61.900 0 101,500 $1,175.260 $1,175,260 FLOUNDER CORP. Adjusted Trial Balance December 31, 2017 Debit Credit 5480 Equipment 75200 Depreciation Expense 15010 Notes Receivable 10000 Accounts Receivable 41700 Sales Revenue Cost of Goods Sold 642440 Inventory 32620 Salaries and Wages Expense 110210 Bad Debt Expense 3610 Allowance for Doubtful Accounts Interest Receivable 600 Interest Revenue Insurance Expense 2200 Prepaid Insurance 1100 Buildings 154200 Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Amortization Expense 1100 Patents 8800 Salaries and Wages Payable Interest Expense 4750 FLOUNDER CORP. Adjusted Trial Balance December 31, 2017 Debit Credit 5480 S ent 75200 Iation Expense 15010 Receivable 10000 its Receivable 41700 evenue 953800 Goods Sold 6424.00 Iry 32620 Sand Wages Expense 110210 bt Expense 3610 ce for Doubtful Accounts 0060 t Receivable 600 Revenue 500 ice Expense 2200 insurance 1100 es 154200 lated Depreciation Buildings 55450 lated Depreciation Equipment 33-410 zation Expense 1100 3800 and Wes Payable 2190 I Expense Said Insurance 1100 154200 lings umulated Depreciation-Buildings 55450 Limulated Depreciation Equipment 33410 ortization Expense 1100 ents 8800 ries and Wages Payable 2190 rest Expense 4750 4750 rest Payable ime Tax Expense 13600 13600 ume Taxes Payable 22000 28200 punts Payable 47500 es Payable 58900 mon Stock 15510 sined Earnings dends 12000 550 1 on Disposal of Plant Assets 61900 er Operating Expenses 1218520 1218520 Is FLOUNDER CORP. Income Statement For the Year Ended December 31, 2017 Sales Revenues Cost of Goods Sold Grass Profit Operating Expenses Other Operating Expenses 61900 Insurance Expense 2200 Interest Expense 13600 Depreciation Expense 15010 Amortization Expense 1100 Bad Debt Expense 3610 Total Operating Expenses Income From Operations Revenues and Gains Interest Expense 4750 Gain on Disposal of Plant Assets 550 Other Expenses and Losses Income Before Income Taxes Income Tax Expense Net Income /(Loss) $

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