Prepare an income statement

Required Information [The following information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46,902 10,700 640 650 17,500 9, 100 10,860 2,280 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (4,800 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 15, Bee 1,936 17,424 6, eee 84,960 16,200 33,250 136,700 136, 7ee Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $190 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year. $650. c. Depreciation expense for the current year. $3,600. d. Wages earned by employees not yet paid on December 31, $590. e. Income tax expense, $5,680. 2-a. Prepare an income statement that include the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.) % Answer is not complete. TUNSTALL, INC. Income Statement Operating revenues Service revenue IS 84,960 Operating expenses Supplies expense Insurance expense Depreciation expense Wages expense Remaining expenses (not detailed) 450 650 3,600 16.790 33,250 Total expenses Operating income Income tax expense Accumulated depreciation 54,740 30,220 5,680 12,700 X 11,480 x 2.47 X X Net income IS Earnings per share IS