On December 31, 2022 Pack-and-Deliver Company completed its first year of operations. The following information has been provided for the year: a. Sold packing supplies for $32,800 and provided $287,000 of delivery services. b. All packing supplies sales were for cash. c. Collected $214,800 of delivery service revenue. d. Paid $17,800 cash to rent packing equipment, with $12,800 for rental in 2022 and the remaining amount for rental in 2023. e. Spent $6,800 cash to repair delivery equipment during the year. f. Bought packing supplies at a total cost of $48,800 and paid for $27,800 of these supplies. There were $22,800 of these supplies that have not yet been sold or used. g. Paid employees $82,800 during the year. h. Paid $18,800 for advertising for the year. i. Used $16,800 in fuel for the delivery equipment. j. Sold investments for $10,800 that had been purchased earlier in the year for $9,800. k. Ordered $500 in spare parts and supplies. I. Income tax expense for the year is $20,800. Required: Prepare an income statement for Pack-and-Deliver Company for the year ended December 31, 2022.