Prepare the income statement for the calendar year 2017 The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. CONSTRUC TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 Income Statement For Year Ended December 31, 2017 Account Title Revenues No 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 288 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Debit Credit $ 7,500 23,000 8,200 8,100 55,000 27,500 177,000 59,000 49,170 Total revenues 16,500 2,800 3,300 2,600 800 7,400 68,500 7,500 121,800 Expenses 10,200 104,000 15,500 2,200 2,300 12,980 8,250 29,000 4,200 8,700 12,900 6,400 2,780 4,700 8,000 2,000 3,700 Total expenses Totals $441,700 $441,700