Required information [The following information applies to the questions displayed below.] The December 31, Year 1, adjusted trial balance for a company is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Debit $ 10,900 Credit 139,000 4,900 24,500 290,000 $124,000 10,900 9,900 3,900 29,000 190,000 49,000 390,000 290,000 14,500 29,000 3,900 $806,700 $806,700 Required: 1. Prepare an income statement for the year ended December 31, Year 1. Income Statement For the Year Ended December 31, Year 1 Expenses: Total expenses