Read the requirements Adjusted Trial Balance June 30, 2024 Requirement 1. Prepare the company's income statement for the year ended June 30, 2024. (If a box is un or parentheses to show a net loss.) Balance Ernest Real Estate Appraisal Account Title Debit Credit Income Statement $ Year Ended June 30, 2024 4,800 5,500 Cash Accounts Receivable Office Supplies Prepaid Insurance 1,600 2,500 Land 13,100 79,000 Building $ 26,700 Accumulated DepreciationBuilding Accounts Payable 18,600 8,900 Interest Payable Salaries Payable 1,500 Unearned Revenue Notes Payable (long-term) 8,800 35,000 Ernest, Capital 40,000 Net Income (Loss) $ 26,700 18,600 8,900 1,500 8,800 35,000 40,000 Accumulated DepreciationBuilding Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Ernest, Capital Ernest, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Utilities Expense 26,700 48,600 4,900 30,000 400 8,900 2,800 7,900 Depreciation ExpenseBuilding $ Total 188,100 $ 188,100