INCOME STATEMENT AND TRAIL BALANCE

Trial Balance December 31, 2019 Debit Credit Cash 10400 T Accounts Receivable 41900 Notes Receivable 8900 Inventory 33000 T Prepaid Insurance 1260 T Land 21800 T Buildings 132000 T Equipment 69100 T Allowance for Doubtful Accounts 4000 T Accumulated Depreciation-Buildings 47400 T Accumulated Depreciation Equipment: 31262 Accounts Payable 27100 T Salaries and Wages Payable 2200 T Unearned Rent Revenue 2200 T Notes Payable (due in 2020) T 13000 T Notes Payable (due after 2020) 36000 Notes Payable (due after 2020) 36000 Common Stock 46500 Retained Earnings 57580 Dividends 15000 T Sales Revenue 908400 Interest Revenue 534 T Gain on Disposal of Plant Assets 950 T Bad Debt Expense 3600 Depreciation Expense 15112 T Insurance Expense 2520 Other Operating Expenses 61400 Amortization Expense 1030 Salaries and Wages Expense 108200 T Patents 9270 T Rent Revenue T Cost of Goods Sold 643200 T Interest Expense 4410 Interest Receivable 534 T Interest Revenue 534 T Gain on Disposal of Plant Assets 950 T Bad Debt Expense 3600 Depreciation Expense 15112 Insurance Expense 2520 TOther Operating Expenses 61400 T Amortization Expense 1030 TSalaries and Wages Expense 108200 Patents 9270 T Rent Revenue 1100 T Cost of Goods Sold 643200 T Interest Expense 4410 T Interest Receivable 534 Interest Payable 4410 Total 1182636 1182636 Click if you would like to Show Work for this question: Open Show Work Blue Spruce Corp. Income Statement hestion en Show Work