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i need help creating an income statemneg given the following information The adjusted trial balance for China Tea Company at December 31, 2021, is presented
i need help creating an income statemneg given the following information
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,400 159, eee 5,900 34,000 390,000 5 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation-equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 134, eee 39 , 39,000 4,900 13,600 245,000 69,800 69,6ee 490, eee 225,000 129,000 24 , 39, eee 2,900 3,480 1,036,100 1,035, 300 Required Prepare an income statement for China Tea Company for the year ended December 31, 2021. 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 31 Operating expenses Total operating expenses Operating income Other expense Step by Step Solution
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