Nash Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2020. Credit NASH DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $11.155 Accounts Receivable 21,655 Supplies 5.155 Prepaid Insurance 2,655 Equipment 60.155 Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings $35,155 5.155 162 5,400 5.755 1.408 10.155 3,655 Accumulated Depreciation Equipment $35.155 Accounts Payable 5,155 Interest Payable 162 Notes Payable 5,400 5,755 1,408 10,155 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense 3,655 61,655 11,455 958 Interest Expense 512 7,400 Depreciation Expense Supplies Expenses 3.400 Rent Expense 4,000 $128,500 $128,500 Prepare an income statement for the year ending December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g: (45).) NASH DESIGN Income Statement