Required information [The following information applies to the questions displayed below) The Sky Blue Corporation has the following adjusted trial balance at December 31 Debit Credit Cash $ 1,260 Accounts Receivable 2,300 Prepaid Insurance 2,600 Notes Receivable long-term) 3,300 Equipment 13,500 Accumulated Depreciation $ 1.200 5,720 1,150 Income Taxes Payable 3,200 Deferred Revenue 660 2,700 Retained Earnings 1,120 Dividends 330 44,730 Salaries and Wages Expense 330 22,200 Utilities Expense Depreciation Expense 1.600 4,520 Insurance Expense 1,700 Rent Expense 6,300 Income Tax Expense 3209 Total $62.810 $62,810 et on Stock Sales Revenue Sant Revenue 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 Prepare an income statement for the year ended December 31. od Wages Payable 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 Prepare an income statement for the year ended December 31 SKY BLUE CORPORATION Income Statement Required Required 2 > 2,700 1,120 330 44,730 330 Common stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total 22,200 1,600 4,520 1,700 6,300 3,200 $62,810 $ 62,810 s 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 How much net income did the Sky Blue Corporation generate during the year? Net Income