Prepare an income statmemt for the year based off the following information.

1. The June 30 (the end of the fiscal year) trial balance of Orange Center follows: Credit Orange Center Unadjusted Trial Balance June 30, 20X5 Debit Cash $ 81,050 Accounts Receivable 65,500 Supplies 5,600 Equipment 62,000 Accumulated Depreciation-Equipment $ Notes Payable Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 315,000 Advertising Expense 49,000 Utilities Expense 20,250 Maintenance and Repairs Expense 17,800 Rent Expense 15,000 $ 631,200 20,000 41,000 32,500 1,000 61,700 475,000 $ 631,200 Adjustment data: II. III. Supplies on hand totaled $2,200. Depreciation is $6,800 on the equipment. Interest of $3,800 is accrued on notes payable at June 30. a. Journalize the adjusting entries. Date Account/Account/Description Debit Credit JUNE 30 3,400 SUPPLES EXPENSE SUPPLIES 3.400 JUNE 30 DEPRECIATION EXPENSE. 6.800 ACCUMULATED DEPRECIATION EQUIP. 6.800 SUNE 20 INTEREST EXPENSE 13.800 INTEREST PAYABLE 3,800 b. Prepare an adjusted trial balance. Orange Center ADJUSTED TRIAL BALANCE Credit 26.800 41,000 31.500 1,000 JUNE 30, 2oxs Account Debit CASH 81,050 ACCANTS RECEIVABLE 65,500 SUPPLIES 2,200 EQUIPMENT 62.000 ACUMULATED DE DELLA NON-EQUIPMENT NOTES PAYA RUF eccanTS PAYABLE comma Stock RETAINED EARNINGS SERVICE REVENUE SALARIES AND WAGES EXPENSE 315.000 ADVERTISING EXPENSE 49,000 UTILITIES EXPENSE 20, 250 MAINTENANCE AND REPAIRS EXPENSE 17.800 RENT EXPENSE 15,000 SUPPLIES EXPENSE 3.400 DEPRECIATION EXPENSE 6,800 INTEREST EXPENSE 3.800 Gl. 700 475,000 c. Prepare an income statement for the year. Orange Center Income Statement FOR THE YEAR ENDED, JUNE 30, 20K5