Prepare the unadjusted net income statement for the year ended December 31, 2021.

4 Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2021, follows, along with information about selected accounts. Account Names Debit Credit Part 1 of 4 Further Information Cash $ 4, 800 As reported on December 31 bank statement. Supplies 5 , 300 Based on count, only $1,800 of supplies still exist . Prepaid Rent 9, 000 This amount was paid November 1 for rent 2 through the end of January. points Accounts Payable $ 2,000 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $550 of utility services through eBook December 31 for which it has not yet been billed. Print Salaries and Wages Payable Stylists have not yet been paid $200 for their work on December 31. References Income Tax Payable The company has paid last year's income taxes but not this year's taxes . Common Stock 3,000 This amount was contributed for common stock in prior years. Retained Earnings 800 This is the balance reported at the end of last year. Service Revenue 92, 400 Customers pay cash when they receive services. Salaries and Wages Expense 30, 100 This is the cost of stylist wages through December 30. Utilities Expense 13, 200 This is the cost of utilities through December 15 . Rent Expense 30, 000 This year's rent was $3,000 per month. Supplies Expense 5, 800 This is the cost of supplies used through November 30. Income Tax Expense The company has an average tax rate of 20%. $ 98, 200 Totals $ 98, 200