The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit $ 18,000 165,000 8,000 27,000 350,000 Accounts Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable (due in two years) Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense Depreciation expense Interest expense Utilities expense Totals $ 134,000 13,000 4,000 1,700 34,000 170,000 135,800 27,000 370,000 110,000 72,000 13,000 34,000 2.500 36,000 $B62,500 $862,500 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 Total Expenses