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! Required information [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation

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! Required information [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Cash Accounts Receivable. Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Debit Credit $ 11,800 148,000 5,800 29,000 380,000 $ 133,000 11,800 10,800 Interest Payable Notes Payable (due in two years) 4,800 38,000 Common Stock 280,000 Retained Earnings 58,000 Service Revenue 480,000 Salaries Expense Rent Expense 380,000 19,000 Depreciation Expense 38,000 Interest Expense. 4,800 Totals $1,016,400 $1,016,400 Required: 1. Prepare an income statement for the year ended December 31, 2021.

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