The adjusted trial balance for China Tea Company at December 31, 2024, is presented below: Debit Credit Cash $ 11,400 Accounts receivable 159,000 Prepaid rent 5,900 Inventory 34,000 Equipment 390,000 Accumulated depreciation $ 134,000 Accounts payable 39,000 Notes payable (due in three months) 39,000 Salaries payable 4,900 Interest payable 13,600 Common stock 245,000 Retained earnings 69,800 Dividends 11,700 Sales revenue 490,000 Costs of goods sold 225,000 Salaries expense 129,000 Rent expense 24,000 Depreciation expense 39,000 Interest expense 2,900 Advertising expense 3,400 Totals $ 1,035,300 $ 1,035,300 Required: Prepare an income statement for China Tea Company for the year ended December 31, 2024