Morrison Services Ltd. reports the following adjusted trial balance at August 31, 2021: Credit MORRISON SERVICES LTD. Adjusted Trial Balance August 31, 2021 Debit Cash $11.410 Accounts receivable 18.325 Supplies 3.100 Prepaid insurance 3.550 Equipment 26,109 Accumulated depreciation-equipment Accounts payable Salaries payable Interest payable Rent payable Income tax payable Deferred revenue Bank loan payable 2024 Common shares $5,905 2.850 2.500 1.640 1.500 1.500 400 24,200 4600 5,100 500 55,335 Retained earnings Dividends declared Service revenue Salaries expense Rent expense Depreciation expense Supplies expense Interest expense Insurance expense Income tax expense Total 19,200 14,160 2,335 1.910 1.640 1,240 2060 $105.530 $105.530 During the year, the company issued common shares for $1.000. Prepare an income statement. MORRISON SERVICES LTD Statement of Income For the year ended August 31, 2021