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Selected accounts from the December 31, 2019, adjusted trial balance of the Howard Company are shown below. Required: Prepare a 2019 income statement for the

Selected accounts from the December 31, 2019, adjusted trial balance of the Howard Company are shown below.

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Required: Prepare a 2019 income statement for the Howard Company.

AdministrativeExpensesBadDebtExpenseDepreciationExpense-BuildingDividendsFreight-InIncomeTaxExpenseInterestExpenseInventoryPurchasesSalesDiscountsSalesRevenueDebit$8,0001,5002,1002,5002,2002,00018,00040,0003,00014,000Credit On January 1 the inventory was $30,000

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