Recording Four Adjusting Journal Entries and Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, and Balance Sheet and Recording Closing Entries (LO 4-2, LO 4-3, LO 4-4 and LO 4-51 [The following information applies to the questions displayed below.] Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Debit Credit $ 56 5 8 $ 0 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense 129 28 44 Totals $257 $257 Other data not yet recorded at December 31: a. Insurance expired during the year, $6. b. Depreciation expense for the year, $5. c. Wages payable, $8. d. Income tax expense, $10. 3. By what amount would net income have been understated or overstated had the adjusting journal entries not been recorded? Net income by Hints References eBook & Resources Hint #1 Check my work 9. value: 1.00 points E4-17 part 1 Required: Using the above adjusted balances, prepare an income statement. MINT CLEANING INC. Income Statement