prepare the business income statement for the year ended December 31 2020 begin by completing the statement heading and then choose the correct account and corresponding amount

$ Accounts Payable 4,500 $ 57,000 Insurance Expense 36,000 Interest Expense Accounts Receivable 15,000 Advertising Expense 48,500 Land 37,500 J. Wu, Withdrawals 103,500 Building 195,000 300,000 Note Payable 15,000|Salaries Expense Cash 240,000 165,000 Salaries Payable 22,500 Computer Equipment Courier Expense 7,000 Service Revenue 450,000 Furniture 45,000 Supplies 7,500 The opening balance of owner's equity was $300,000. During the year, the owner made no investments Requirement 1. Prepare the business's income statement for the year ended December 31, 2020. Begin by completing the statement heading, and then choose the correct accounts and corresponding amoun Revenue: Total revenues Expenses e