Phoebe Company ended its fiscal year on July 31,2020. The company's adjusted trial balance as of the end of its fiscal year is as follows Phoebe Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $9.840 112 Accounts Recevable 8.780 157 15.900 158 Equipment Accumulated Depreciation Equip Accounts Payable $7,400 4220 201 1.800 208 Unearned Rent Revenue 45.200 301 Owner's Capital 306 16.000 Owner's Drawings 64.000 400 Service Revenue 6.500 429 Rent Revenue 8.000 711 Depreciation Expense 55,700 726 Sataries and Wages Expense 14.900 732 Utilities Expense $129.120 $129.120 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg.(45)) PHOEBE COMPANY Income Statement Owner's Capital July 31, 2020 $ e Textbook and Media List of Accounts