IVANHOE COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10.246 $10.246 Accounts Receivable 8,272 8,836 Supplies 2,350 470 Prepaid Insurance 3,760 2,350 Equipment 15,040 15,040 Accumulated Depreciation-Equipment $3,384 $4,512 Accounts Payable 5,452 5,452 0 1,034 Salaries and Wages Payable Unearned Rent Revenue 1,692 752 Common Shares 9,400 9,400 Retained Earnings 5.170 5,170 Dividends 2,632 2,632 Service Revenue 31,960 32,524 Rent Revenue 11,374 12,314 15,980 17,014 Salaries and Wages Expense Supplies Expense 0 1,880 Rent Expense 10,152 10,152 Insurance Expense 0 1,410 Depreciation Expense 0 1,128 $68,432 $68,432 $71,158 $71,158 Prepare the income statement for the year ended August 31. IVANHOE COMPANY Income Statement For the Month Ended August 31, 2020 Revenues Service Revenue $ 32524 Rent Revenue 12314 Total Revenues