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Prepare an income statement with the information available. Please help!!! Preparing an Income Statement Instructions Labels and Amount Descriptions Income Statement Instructions Oxmoor Corporation prepared

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Prepare an income statement with the information available. Please help!!!

Preparing an Income Statement Instructions Labels and Amount Descriptions Income Statement Instructions Oxmoor Corporation prepared the following adjusted trial balance. Oxmoor Corporation ADJUSTED TRIAL BALANCE December 31, 20-- ACCOUNT TITLE DEBIT CREDIT Cash 13,300.00 Accounts Receivable 6,700.00 Prepaid Rent 54,000.00 481,400.00 Inventory Long-Term Investment 110,900.00 Equipment 88,000.00 Accumulated Depreciation 23,700.00 Accounts Payable 111,700.00 Preparing an Income Statement Instructions Labels and Amount Descriptions Income Statement Instructions .. .... . .. 111,700.00 4,400.00 50,000.00 Accounts Payable 9 Interest Payable 10 Notes Payable (short-term) 11 Bonds Payable 12 Common Stock 13 Retained Earnings, 1/1/2019 180,000.00 300,000.00 45,635.00 14 Dividends 50,000.00 583,900.00 277,000.00 98,250.00 15 Sales Revenue 16 Cost of Goods Sold 17 Wages Expense 18 Rent Expense 19 Depreciation Expense 20 Interest Expense 21 Income Taxes Expense 50,000.00 29,000.00 2,700.00 38,085.00 700 77 0 10 ZZE Preparing an Income Statement Instructions Labels and Amount Descriptions Income Statement Instructions 12 Common Stock 300,000.00 13 Retained Earnings, 1/1/2019 45,635.00 14 Dividends 50,000.00 583,900.00 15 Sales Revenue 16 Cost of Goods Sold 277,000.00 17 Wages Expense 98,250.00 18 Rent Expense 50,000.00 19 Depreciation Expense 29,000.00 20 Interest Expense 2,700.00 38,085.00 21 Income Taxes Expense 22 Totals 1,299,335.00 1,299,335.00 Required: Prepare a single-step income statement for Oxmoor for the year ended December 31, 2019. Labels and Amount Descriptions Labels December 31, 2019 Expenses For the year ended December 31, 2019 Revenues Amount Descriptions Net income Net loss Total expenses

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