prepare an income statement for the year

PLUS sults by ective Problem 2-4A (al-a3) (Part Level Submission) These items are taken from the financial statements of Sheridan Corporation for the year ended December 31, 2018: Retained earnings, January 1 $213,000 Cash 11.900 Salaries payable 3,000 Utilities expense 2,000 Equipment 56,500 Accounts payable 15,000 Buildings 62,500 Common shares 33,700 Dividends declared 3,000 Service revenue 216,400 Prepaid insurance 2,000 Repairs and maintenance expense 2,800 Land 186,500 Depreciation expense 5,700 Accounts receivable 14,700 Insurance expense 2.700 Salaries expense 119,000 Accumulated depreciation equipment 20,100 Income tax expense 6,000 Supplies 200 Operating expenses 30,400 Supplies expense 1,000 Bank loan payable, due 2021 17,500 Held for trading Investments 19.000 Accumulated depreciation buildings 10,000 Interest expense 1.500 Interest revenue 500 Additional information 1. Sheridan started the year with 33,000 of common shares and 5700 ore during the year 2. $1,500 of the bank loan payable is due to be repaid within the next year (al) Prepare an income statement for the year SHERIDAN CORPORATION Income Statement i DELL