Required information E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5] [The following information applies to the questions displayed below.] Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles Cash Accounts Receivable Equipment Prepaid Insurance Accounts Payable Accumulated Depreciation Salaries and Wages Payable Income Tax Payable Debit Credit $ 44 15 7 92 $ 0 15 0 0 Common Stock 91 Retained Earnings 7 Sales Revenue 93 Insurance Expense 0 Salaries and Wages 16 Expense Supplies Expense 32 Income Tax Expense 0 $ $ Totals 206 206 Other data not yet recorded at December 31: a. Insurance expired during the year, $5. b. Depreciation expense for the year, $4. c. Salaries and wages payable, $7. d. Income tax expense, $9. E4-17 (Algo) Part 1 Required: Using the adjusted balances, prepare an income statement for the year ended December 31. (Enter your answers in thousands of dollars.) MINT CLEANING INCORPORATED Income Statement (in thousands of dollars)