PREPARE INCOME STATEMENT

The trial balances before and after adjustment for Crane Company at the end of its fiscal year are presented below. CRANE COMPANY Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,400 $10,400 Accounts Receivable 8,900 9.500 Supplies 2.300 700 Prepaid Insurance 3,900 2,600 Equipment 12.300 12.300 Accumulated Depreciation-Equipment $3,500 $ 4,300 Accounts Payable 5,800 5,800 Salaries and Wages Payable 0 1,200 Unearned Rent Revenue 1,400 800 Owner's Capital 14,300 14,300 Service Revenue 34,200 35,000 Rent Revenue 10,800 11,400 Salaries and Wages Expense 17.100 18,300 Supplies Expense 0 1,600 Rent Expense 15.200 15.200 Insurance Expense 0 1.300 Depreciation Expense 0 800 $70,000 $70,000 $72,900 $72,800