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please help me prepare the Income Statement thank you! 126 130 Question 7 The Marigold Corp. opened for business on May 1, 2019. Its trial

please help me prepare the Income Statement
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126 130 Question 7 The Marigold Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Marigold Corp. Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 3,600 Supplies 2,050 Prepaid Insurance 3,000 Land 15,000 Buildings 59,400 Equipment 15,200 Accounts Payable $ 11,700 208 Unearned Rent Revenue 3,300 275 Mortgage Payable 40,000 Common Stock 35,600 429 Rent Revenue 12,600 Advertising Expense 650 726 Salaries and Wages Expense 3,400 732 Utilities Expense 900 $103,200 $103,200 In addition to those accounts listed on the trial balance, the chart of accounts for Marigold Corp. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 40,000 35,600 12,600 610 726 732 650 3,400 900 $103,200 $103,200 In addition to those accounts listed on the trial balance, the chart of accounts for Marigold Corp. also numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation--Equipm 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Exe Other data: 1. 2. Prepaid insurance is a 1-year policy starting May 1, 2019. A count of supplies shows $800 of unused supplies on May 31. Annual depreciation is $2,976 on the buildings and $1,524 on equipment. The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $800 are accrued and unpaid at May 31. 6. Marigold Corp. Income Statement For the Month Ended May 31, 2019 Revenues 3600 Expenses search El ve @

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