statement of income for the year

These items are taken from the financial statements of Blossom Corporation for the year ended December 31, 2021: Retained earnings, January 1 $211,000 Cash 10,900 Salaries payable 3,000 Utilities expense 2,000 Equipment 56,000 Accounts payable 14,000 Buildings 62,000 Common shares 33,200 Dividends declared 2,000 Service revenue 212,900 Prepaid insurance 1.500 Repairs and maintenance expense 2,300 Land 175,500 Depreciation expense 5,700 Accounts receivable 13,700 Insurance expense 1,700 Salaries expense 119,800 Accumulated depreciation-equipment 15,600 Income tax expense 6,000 Supplies 200 Operating expense 39,400 Supplies expense 1,000 Bank loan payable, due 2024 13,000 Trading investments 18,000 Accumulated depreciation-buildings 16,000 Interest expense 1,500 Interest revenue 500 Additional information: 1. Blossom started the year with $25,000 of common shares and issued $8,200 more during the year. 2. Blossom must pay $1,500 of the bank loan payable next year in 2022. Prepare a statement of income for the year, BLOSSOM CORPORATION Statement of Income For the Year Ended December 31, 2021 Revenues Service Revenue 212.900 Interest Revenue 500 Total Revenues $ 213400 Expenses Utilities Expense Repairs and Maintenance Expense Depreciation Expense Repairs and Maintenance Expense Depreciation Expense Insurance Expense Salaries Expense Income Tax Expense Operating Expense Supplies Expense Net Income (Loss) $