Oxmoor Corporation prepared the following adjusted trial balance. Oxmoor Corporation ADJUSTED TRIAL BALANCE December 31, 20-- CREDIT ACCOUNT TITLE DEBIT 13,300.00 Cash 1 6,700.00 2 Accounts Receivable 3 Prepaid Rent 54,000.00 4 Inventory 481,400.00 110,900.00 5 Long-Term Investment Equipment 88,000.00 6 7 Accumulated Depreciation 23,700.00 8 Accounts Payable 111,700.00 9 Interest Payable 4,400.00 10 Notes Payable (short-term) 50,000.00 11 Bonds Payable 180,000.00 12 Common Stock 300,000.00 13 Retained Earnings, 1/1/2019 45,635.00 50,000.00 14 Dividends 15 Sales Revenue 583,900.00 277,000.00 16 Cost of Goods Sold 98,250.00 Wages Expense 17 18 Rent Expense 50,000.00 29,000.00 Depreciation Expense 19 20 Interest Expense 2,700.00 21 Income Taxes Expense 38,085.00 22 Totals 1,299,335.00 1,299,335.00 Labels and Amount Descriptions Labels December 31, 2019 Expenses For the year ended December 31, 2019 Revenues Amount Descriptions Net income Net loss Total expenses Prepare a single-step income statement for Oxmoor for December 31, 2019. Income Statement Instructions Oxmoor Corporation Income Statement (Label) 1 (Label) 2 3 (Label) 4 5 6 7 9 10 11