Income Statement and Balance Sheet The records of R. Levy, Interior Decorator, show the following information for the year-end December 31, 2016 Notes Payable Decorating Fees Earned Insurance Expense Supplies Expense Miscellaneous Expense Common Stock Retained Earnings 12,200 8,400 3,000 Accounts Receivable 21,200 19,400 Advertising Expense 3,400 Salaries Expense60,000 15,000 3,600 $8,000 Supplies 135,200 Cash 400 23,200 Rent Expense ?Accounts Payable Required a. Prepare an income statement for the year R. LEVY, INTERIOR DECORATOR Income Statement For Year Ended December 31, 2016 enses Supplies Expense Insurance Expense Advertising Expense Salaries Expense Miscellaneous Expense Total Expenses