MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No. Account 101 Cash Debit $ 28,200 Credit 124 Shop supplies 1,900 128 Prepaid insurance 4,400 167 Equipment 89,000 168 Accumulated depreciation, equipment $ 7,700 201 Accounts payable 19,200 210 Wages payable 9,060 301 Mike Yang, capital 142,000 302 Mike Yang, withdrawals 37,000 401 Repair revenue 159,430 612 Depreciation expense, equipment 8,700 623 Wages expense 104,700 637 Insurance expense 2,000 640 Rent expense 53,350 650 Office supplies expense, 5,000 690 Utilities expense 3,140 Totals $337,390 $337,390 There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023