III. An madjusted trial balance dated December 31, 2020, follows. Based the given adjusting entries, prepare Income Statement for the enterprise (20 points, 2 point each) 205 900 STILLMORE INVESTIGATIONS Unadjusted Trial Balance Adjusted Trial Balance For the Year Ended December 31, 2020- $40,585 $40,585 Cash 2,000 3,500 Accounts receivable 119 Office supplies Prepaid rent 1,2001 2701 180 Unexpired insurance Office Equipment 54,000 54,000 Accumulated depreciation: Office equipment 35,250 $36.000 Accounts payable 1,400 1,400 360 420 interest payable Income taxes payable 1.750 2.350 Note payable 9,000 9,000 Uneamed retainer fee: 3,500 1,000 Salaries payable 1,900 Capital stock 30.000 30,000 Retained earnings 8,000 8,000 Dividends 1.000 1,000 Client fees earned 60.000 64.000 Office supplies expense 605 700 Depreciation expense: Office equipment 8.230 9,000 Rent expense 3.235 6.075 Tsurance expense 1,010 1.100 Salaries espese 27,100 29,000 Interest expense 60 420 Income t25 espande 6.900 7.500 Totals $149.250 31492605154,070 554.070