Madison Lawn & Snow Corporation provides lawn and snow maintenance in a midwestern city. The 2021 adjusted trial balance of Madison Corporation displays the following account balances: Service Revenue, $275,000; Salaries Expense, $110,000; Supplies Expense, $20,000; Rent Expense, $26,000; Depreciation Expense, $44,000; and Delivery Expense, $18,000.

Prepare an income statement for the year ended December 31, 2021.