Prepare an Income Statement from an Adjusted Trial Balance The Century Companys adjusted trial balance contains the following balances as of December 31: Retained Earnings $21,250 Cost of Goods Sold $20,000 Dividends 5,000 Selling and Administrative Expenses 7,500 Sales 50,000 Interest Expense 3,750 Prepare an income statement for the year. (Put expenses in order of magnitude (largest to smallest).) CENTURY COMPANY Income Statement For Year Ended December 31