Problem 1: The adjusted trial balance of Debit Company is shown below: Debit Company Adjusted Trial Balance December 31, 2022 Cash Accounts receivable Supplies Prepaid Rent (3 months) Equipment, net Accounts payable Salary payable Unearned revenue (2 month advance) Note payable-long term Common stock Retained earnings Dividends Service revenue Salary expense Rent expense Supplies expense $6,500 8,000 1,000 2,500 42,000 Depreciation expense Utilities expense Total 4,000 40,000 10,000 1,500 5,000 1.200 $121,700 $4,000 2,000 2,000 14,000 10,000 14,700 75,000 $121.700 Prepare Debit Company's Income Statement and Statement of Retained Earnings for the year ended December 31, 2022.