Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.)

Account Titles	Debit				Credit
Cash	$	48
Accounts Receivable		10
Prepaid Insurance		5
Equipment		100
Accumulated Depreciation					$	0
Accounts Payable						10
Common Stock						96
Retained Earnings						11
Sales Revenue						102
Insurance Expense		0
Salaries and Wages Expense		20
Supplies Expense		36
Totals	$	219			$	219

Other data not yet recorded at December 31:

1. Insurance expired during the year, $4.
2. Depreciation expense for the year, $3.
3. Salaries and wages payable, $6.
4. Income tax expense, $8.

Required:

Using the above adjusted balances, prepare an income statement. (Enter your answers in thousands of dollars.)

Question 10 linked to 11 12 and 13 of 14 Total