Prepare in good form the Income Statement for Johnny's Hot Spot, Inc. 8,500 805,000 Johnny's Hot Spot Inc. Adjusted Trial Balance As of December 31, 2014 Cash $ 42,475 Marketable securities 27,500 Accounts receivable 127,500 Allowance for doubtful accounts $ Merchandise inventory 248,650 Office supplies 900 Prepaid insurance 6,000 Building and fixtures 1,791,000 Accumulated depreciation Land 64,800 Accounts payable Unearned customer deposits Income taxes payable Capital stock Retained earnings Dividends 17,000 Sales Cost of goods sold 959,350 Bank service charges expense 225 Uncollectible accounts expense 12,500 Salary and wages expense 395,000 Office supplies expense 700 Insurance expense 7,000 Utilities expense 3,600 Depreciation 53,000 expense Income tax 81,000 expense 3,838,200 $ 70,000 4,800 81,000 1,000,000 265,700 1,603,200 3,838,200