The adjusted trial balance for Blossom Company is given below:BLOSSOM COMPANYTrial BalanceAugust $31,20$XXBeforeAdjustmentDr.Cr$.$$$13,29810,7363,0504,88019,520$Cr$.$CashAccounts ReceivableSuppliesPrepaid Insurance EquipmentAccumulated Depreciation$-$EquipmentAccounts PayableSalaries and Wages PayableUnearned Rent RevenueCommon SharesRetained EarningsDividendsService RevenueRent RevenueSalaries and Wages ExpenseSupplies ExpenseRent ExpenseAfter AdjustmentDr.$$13,29811,4686103,05019,5203,416$$$4,3927,07602,19612,2006,71041,48014,762$$$5,8567,0761,34297612,2006,7103,41642,21215,98220,740013,17622,0822,44013,176$Insurance ExpenseDepreciation Expense$0$$$88,816$$$88,8161,8301,464$$$92,354$$$92,354($a$)$Prepare the income statement for the year ended August $31.$BLOSSOM COMPANYIncome StatementFor the Year Ended August $31,20$XXRevenuesService RevenueRent ExpenseTotal RevenuesExpensesSalaries and Wages ExpenseSupplies ExpenseRent ExpenseInsurance ExpenseSupplies ExpenseRent ExpenseInsurance ExpenseDepreciation ExpenseTotal ExpensesNet Income $/($Loss$)$$