Prepare an income statement for December 31.

CULLUMBER COMPANY Adjusted Trial Balance December 31, 2022 Debit Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Income Taxes Payable Common Stock Retained Earnings Credit $ 27253 $ 1500 19965 1380 31000 \begin{tabular}{|r|} \hline 3490 \\ \hline \\ \hline 6330 \\ \hline 250 \\ \hline \end{tabular} 48100 Retained Earnings Sales Revenue Sales Discounts Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Insurance Expense Income Tax Expense \begin{tabular}{|r|} \hline 20050 \\ \hline 16600 \\ \hline \end{tabular} 332 10400 140 2140 460 250 $ 94820 $ 94820 CULLUMBER COMPANY Income Statement