The adjusted trial balance for Cortez Company at December 31, 2024 is presented below. Accounts Debit Credit $ Cash 15,000 Accounts receivable 153,000 Prepaid rent 8,000 Supplies 25,000 Equipment 360,000 Accumulated depreciation Accounts payable Salaries payable $ 135,000 19,000 3,300 two years) Interest payable Notes payable (due in Common stock 1,300 36,000 220,000 Retained earnings 175,200 Dividends 26,000 Service revenue 310,000 Salaries expense 150,000 Advertising expense 74,000 Rent expense 14,000 Depreciation expense 34,000 Interest expense 2,800 Utilities expense 38,000 $ $ Totals 899,800 899,800 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