prepare an income statement for the year ending Dec 31,2020

3. Homework Exercise Question 3 of 5 -/ 25 Cheyenne Remodelers was founded by Thomas Tyler in January 2011. Presented below is the adjusted trial balance as of December 31, 2020 Cr. CHEYENNE REMODELERS ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Dr. Cash $23.000 Accounts Receivable 17,000 Supplies 3,400 Prepaid Insurance 1.200 Equipment 67.000 Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 12.100 Insurance Expense 600 Interest Expense 600 Depreciation Expense 5.200 Supplies Expense 4.500 Rent Bleon $31,000 6,000 250 4,500 6,500 1.300 7.000 6,500 79,650 Question 3 of 5 -12 Prepare an income statement for the year ending December 31, 2020. CHEYENNE REMODELERS Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue Total Expenses Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Total Expenses Net Income /(Loss)