Sto/4 ...t1. Chapters 1 & 2 Question 5 of 7 View Policies Current Attempt in Progress These items are taken from the financial statements of Sunland Corporation for the year ended December 31, 2021 Retained earnings, January 1 Cash Salaries payable Utilities expense Equipment Accounts payable Buildings Common shares Dividends declared Service revenue Prepaid insurance Repairs and maintenance expense Land Depreciation expense Accounts receivable $215,000 11,900 3,000 2,000 59,500 14,000 63,000 36.200 4,000 212.900 1.500 2.800 174,500 0200 14,200 Type wote to search O DOLL Question 5 of 7 Depreciation expense Accounts receivable Insurance expense Salaries expense Accumulated depreciation equipment Income tax expense Supplies Operating expense Supplies expense Bank loan payable, due 2024 Trading lovestments Accumulated depreciation-buildings Interest expense Interest revenue 6,200 14,200 2,700 121,300 19.600 6,000 200 39,400 1,000 15,000 21,000 16,500 1.500 500 Additional information: 1. Sunland started the year with $33,000 of common shares and issued $3,200 more during the year 2. Sunland must pay $1.500 of the bank loan payable next year in 2022 Type here to search DELL ..t 1 - Chapters 1 & 2 Question 5 of 7 - /20 (a1) Prepare a statement of income for the year. SUNLAND CORPORATION Statement of Income c here to search DELL