MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows:

No.	Account		Debit			Credit
101	Cash	$	28,600
124	Shop supplies		2,100
128	Prepaid insurance		4,800
167	Equipment		91,000
168	Accumulated depreciation, equipment				$	8,100
201	Accounts payable					19,600
210	Wages payable					9,460
301	Mike Yang, capital					146,000
302	Mike Yang, withdrawals		39,000
401	Repair revenue					163,030
612	Depreciation expense, equipment		9,100
623	Wages expense		105,100
637	Insurance expense		2,200
640	Rent expense		55,350
650	Office supplies expense		5,400
690	Utilities expense		3,540
	Totals	$	346,190		$	346,190

There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023.