The adjusted trial balance for Cortez Company at December 31, 2024 is presented below. Accounts Cash Debit $ 16,000 Credit Accounts receivable 154,000 Prepaid rent 7,000 Supplies 32,000 Equipment 360,000 Accumulated depreciation $ 134,000 Accounts payable 20,000 Salaries payable 3,500 Interest payable 1,300 Notes payable (due in two years) 36,000 Common stock 190,000 Retained earnings 134,600 Dividends 29,000 Service revenue 370,000 Salaries expense Advertising expense Rent expense 130,000 72,000 10,000 Depreciation expense Interest expense Utilities expense Totals 35,000 2,400 42,000 $ 889,400 $ 889,400 Prepare an income statement for Cortez Company for the year ended December 31, 2024. Expenses: CORTEZ COMPANY Income Statement For the Year Ended December 31, 2024 Total expenses 0 $ 0