Selected accounts from Fair Trader Co's adjusted trial balance for the year ended December 31 follow. Prepare Its Income statement Pactoring foon Insurance expense Sales Rent expense $ 350 4.500 60,000 15,500 Interest revenge Salaries expense Supplies expense Bad debt expense $ 3,500 27.000 250 1,500 FAIR TRADER CO. Income Statement For Year Ended December 31 Revenues Total revenues Expenses Total expenses