Orange Designs provides consulting services related to home decoration. Orange Designs provides customers with recommendations for a full range of home dcor, including window treatments, carpet and wood flooring. paint colors, furniture, and much more. Below is the year-end adjusted trial balance of Orange Designs. ORANGE DESIGNS Adjusted Trial Balance December 31, 2018 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 4,700 Supplies 2,700 Prepaid Rent 6,700 Buildings 117000 Accumulated Depreciation Payable $ 21,700 Accounts 3,700 Salaries Payable 4,700 Utilities Payable 1,100 Notes Payable (due in four years) 27,000 Common Stock 57,000 Retained Earnings 15,700 Service Revenues 112,800 Salaries Expense Expense 42.700 Rent 18,700 Depreciation Expense 7,700 Supplies Expense 8,700 Advertising Expense Expense 2.700 13.700 Utilities 12,700 Interest Expense Totals 243,700 243,700 Required 1. Prepare an income statement for the year ended December 31, 2018. Comment , Share