Selected accounts from Fair Trader Companys adjusted trial balance for the year ended December 31 follow.

Factoring fees $ 320 Interest revenue $ 3,200

Insurance expense 4,200 Salaries expense 24,000

Sales 54,000 Supplies expense 220

Rent expense 15,200 Bad debt expense 1,200

Prepare its income statement.

Selected accounts from Fair Trader Company's adjusted trial batance for the year ended December 317oinew. Prepare its incorte statement