TEORI Sumit The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,300 158,000 5,800 33,000 380,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation-equipment Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 133,000 38,000 38,000 4,800 13, 100 240,000 67,600 67,700 480,000 220,000 128,000 23,000 38,000 2,800 3,300 1,015,200 1,014,500 Required: Prepare an income statement for China Tea Company for the year ended December 31, 2021 CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021