Income Statement The adjusted trial balance columns of Kim Company's worksheet for the year ended December 31, 2015, are as follows in the attached table. As your solution and answer, after performing the 7-steps, prepare an income statement for Kim Company in US Dollar. Kim Company's Worksheet for year ended December 31, 2015. Debit Credit Cash 14,500 Accumulated Depreciation- Accounts Receivable 11,100 Equipment 18,000 Inventory 29,000 Notes Payable 25,000 Prepaid Insurance 2,500 Accounts Payable 10,600 Equipment 95,000 Share Capital-Ordinary 50,000 Dividends 12,000 Retained Earnings 31,000 Sales Returns and Allowances 6,700 Sales Revenue 536,800 Sales Discounts 5,000 Interest Revenue 2,500 Cost of Goods Sold 363,400 673,900 Freight-Out 7,600 Advertising Expense 12,000 Salaries and Wages Expense 56,000 Utilities Expense 18,000 Rent Expense 24,000 Depreciation Expense 9,000 Insurance Expense 4,500 Interest Expense 3,600 673,900 B) What is the Total Operating Expenses? (10) $525,100 $161,700 $131,100 $33,100 $29,500 10 points