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Required information Skip to question Below is the adjusted trial balance of Reuben's Cubic Storage on December 31, 2022: Reubens Cubic Storage Trial Balance For
Required information Skip to question Below is the adjusted trial balance of Reuben's Cubic Storage on December 31, 2022: Reubens Cubic Storage Trial Balance For Year Ended December 31, 2022 Account Debit Credit Cash $3,050 Accounts receivable 400 Office supplies 770 Prepaid insurance 80 Long-term note receivable 4,200 Land 98,000 Equipment 115,000 Accumulated depreciation, Equipment $1,100 Building 98,000 Accumulated depreciation, Building 28,000 Customer list 900 Notes payable 11,000 Unearned accounting fees earned 3,000 Salaries payable 7,060 Reuben, capital 10,000 Reuben, withdrawals 5,000 Accounting fees earned 274,500 Depreciation expense, Building 500 Depreciation expense, Equipment 600 Insurance expense 100 Rent expense 1,100 Office supplies expense 900 Repairs expense 5,000 Telephone expense 1,000 Totals $334,660 $334,660 The current portion of the note payable is $3,000. Use the adjusted trial balance to answer the following questions: Prepare an income statement for the year ended December 31, 2022.
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