Q3 Below is financial data for New York Safety Fire as of 31 December 2021: Cash at bank $100,000 Truck $65,000 Accrued wages 38,000 25,000 Michael Corleone, capital 1 January, 2021 Accounts receivable 55,000 Depreciation expense- truck 3,000 Insurance expense 30,000 Advertising expense 5,000 Accounts payable 15,000 Wages expense 45,000 Service revenue 1,500 180,000 Michael Corleone, drawings Insurance payable 25,000 Supplies expense 28,000 Telephone expense 8,000 Loan payable 38,000 Office Furniture 70,000 Accrued interest 1,000 Prepaid Advertising 12,000 20,000 Accumulated depreciation-truck 15,000 Supplies Unearned Revenue 44,000 Required: Prepare an income statement for New York Safety Fire for the month ended 31 December 2021. (10 marks)