Selected accounts from Fair Trader Co.'s adjusted trial balance for the year ended December 31 follow. Prepare its income statement. $ $ Factoring fees Insurance expense Sales Rent expense 450 5,500 80,000 16,500 Interest revenue Salaries expense Supplies expense Bad debt expense 4,500 37,000 350 2,500 FAIR TRADER CO. Income Statement For Year Ended December 31 Revenues Total revenues Expenses Total revenues Expenses $ Total expenses