King Bed Advertising Agency Corporation was founded in January $2020.$ Presented below are adjusted and unadjusted trial balances as of December $31,2023.$

Unadjusted:

Cash: debits; $$13,200.$

Accounts receivable: debits; $$24,000.$ Supplies: debits; $$10,080.$

Prepaid insurance: debits $$4,020.$ Equipment: debits; $$72,000.$ Accumulated depreciation$-$equipment: credits; $$33,600.$

Accounts payable: credits $$6,000.$ Interest payable: credits; $$0.$

Notes payable: credits; $$7,500.$ Unearned revenue: credits; $$8,400.$ Salaries and wages payable: credits; $$0.$

Common shares: credits; $$12,000.$ Retained earnings credits $$2,700.$ Service revenue: credits $$70,320.$ Salaries and wages expense: debits; $$12,000.$

Insurance expense

Interest expense: debits; $$420.$

Depreciation expense

Supplies expense

Rent expense: debit; $4800$

Total: debit; $$140,520$

Total: Credit; $$140,520$

Adjusted

Cash: debit; $$13,200.$

Accounts receivable: debit; $$28,200.$ Supplies: debit; $$3,600.$

Prepaid insurance: debit; $$3,000.$ Equipment: debit; $$72,000.$

Accumulated depreciation$-$ equipment: credit; $$39,600.$

Accounts payable: credit; $$6,000.$

Interest payable: credit; $$300.$

Notes payable: credit; $$7,500.$ Unearned revenue, credit $$6,720.$ Salaries and wages payable: credit; $$1,560.$

Common shares: credit; $$12,000.$ Retained earnings: credit; $$2,700.$ Service revenue: credit; $$76,200.$ Salaries and wages expense: debit; $$13,560.$

Insurance expense, debit $$1,020.$ Interest expense: debit; $$720.$ Depreciation expense: debit; $$6,000.$ Supplies expense: debit; $$6,480.$

Rent expense: debit; $$4,800.$

Total: Debit; $$152,580$

Total: Credit;$ $152580$

Prepare an income statement for the year ending December $31,2023$