QUESTION 58 From the adjusted trial balance, prepare an income statement for Martin Sky Taxi Services. Martin Sky Taxi Services Adjusted Trial Balance For the year ended December 31 Cash. $ 28,000 Accounts receivable.... 14.200 Office supplies 1,700 Airplanes................ 100,000 Accumulated depreciation - Airplanes.. 45,000 Accounts payable 11,500 Common stock 25,000 Retained earnings 46.900 Dividends...... 40,000 Fees earned .......... 150,000 Rent expense.......... 13,000 Office supplies expense 2,000 Utilities expense 2,500 Depreciation Expense - Airplanes 15.000 Salary expense...... 50,000 Fuel expense. 12.000 Totals $278.400 $278.400 T T T Arial 3 (12pt) T-:- E - 's