One month transactions of ABC Company show the following balances. Prepare Income statement for the period ending December, 2019. Sale Inventory A $2,000 Sale Inventory B $3,000 Sale Inventory C $5,000 Rent Expense $10,000 Insurance Expense $6,000 Salary Expense $40,000 Cash $30,200 Accounts receivable $2,200 Office supplies Expenses $1,000 Office equipment $36,000 Other Income $70,000 Fuel Expenses $700 Advertising Expenses $4,000 Accounts Payable $4,000 Capital $20,300 Withdrawal $8,000