prepare income statement

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Prepare an income statement for the month ended December 31, 2022. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45).) SUNLAND COMPANY Income Statement For the Month Ended December 31, 2022 Question 1 of 1 Net Income (Loss) Assets Accts. Cash Rec Inventory 12/1/Bal. $12,480 $10,140 $4.680 Dec 3 7280 5 5 10.296 -7 228 7 --468 1 385 4576 17 14,576) (3640 22 4,940 - 24.908 6053 7.904 Unadj. Bal Adj. i (A1) i (A2) (A3) $ $ 6053 7.904 24.908 $ Adj. Bal. Liabilities Accum Depr. Accts. Income Taxe Equip Equip. Pay Pay $54,600 $-3,900 $7.800 7280 i i 54,600 (3.900) 15.080 15201 i 15.050 $ $ (4.420) 54,600 Question 1 of 1 3. Record adjustments 4. Compute the adjusted balance in each column . Stockholders' Sal. & Income Taxes Wages Com Pay. Pay Stock $26,000 Rev. i 102 i 49 i 26.000 1040 i i 568 i 568 1,040 s 26.000 147 + Retained Earnings 6,000 $44,200 Rev. Exp. Div. 10.296 Sales -7.228 Cost -468 i Sales 385 Costo 13,640) Costot 4,940 Salese 000 14.768 (10.483) (1.040) Salaries (520) Depred i (568) Income $ 14.768 000 (12.611) $ $