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The End-of-Period Spreadsheet for Austin Enterprises is presented below. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Dobit Credit Debit Credit Account Title Debit Credit Cash 26,500 26,500 7,000 7,000 Accounts Receivable 1.000 Supplies 1,000 18,500 18,500 5,000 5,000 Equipment Accumulated Depr.--Equip Accounts Payable Wages Payablo 11,000 11,000 1,000 1.000 6,000 6,000 Common Stock Retained Earnings Dividends 2,000 2,000 2.000 2,000 Fees Eamed 69,500 59.500 Wages Expenso 19.000 19,000 Wages Payable 1,000 1,000 Common Stock 6,000 6,000 Retained Earnings 2,000 2,000 Dividends 2,000 2,000 Fees Earned 59,500 59,500 Wages Expense 19,000 19,000 Rent Expense 7,000 7,000 Depreciation Expense 3,500 3,500 Totals 84,500 84,500 29,500 59,500 55,000 25,000 Net Income (Loss) 30,000 30,000 59,500 59,500 55,000 55,000 Required: Prepare an income statement for Austin Enterprises for the year ended December 31. Be sure to com lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of tra not need to enter colons () on the financial statements Prepare an income statement for Austin Enterprises for the year ended December 31. Be sure to complete the statement heading. Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (1) Austin Enterprises Income Statement (Label) 1 2 (Label) } 4 5 6 7 All work saved