Question 7 Not complete Marked out of 2.00 P Flag question Prepare an Income Statement from an Adjusted Trial Balance The Century Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings $8,500; Dividends $2,000; Sales $20,000; Cost of Goods Sold 58,000; Selling and Administrative Expenses $3,000, Interest Expense 51,500. Prepare an income statement for the year. Do not use negative signs with your answers. Century Company Income Statement For Year Ended December 31 Expenses Cost of goods sold Selling administrative expense Dividends interest expense. Net income Retained earnings Sales Total expenses