Required information (The following information applies to the questions displayed below) The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $1,210 2.500 2. 14,500 $3,600 5,920 1.25e 3.400 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Co Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 2. 1,200 150 46,530 350 22,600 1,800 4,720 1.900 5.500 3.00 $65,850 565, Required: 1. Prepare an income statement for the year ended December 31 2 How much net income did the Sky Blue Corporation generate during the year? Complete this question by entering your answers in the tabs below Required 1 Required 2