The adjusted trial balance for Fine Porter Inc. as of December $31,2023,$ is shown below. Prepare the income statement and statement of retained earnings for the year ended December $31,2023.$

Fine Porter Inc.

Adjusted Trial Balance

December $31,2023$

Debit Credit

Cash $$30,500$

Accounts receivable $23,200$

Supplies $3,950$

Prepaid insurance $2,600$

Equipment $48,500$

Accumulated depreciation$-$equipment $$18,800$

Accounts payable $3,500$

Unearned service revenue $8,700$

Salary payable $1,650$

Common shares $24,000$

Retained earnings $20,000$

Dividends $6,000$

Service revenue $70,300$

Salary expense $25,850$

Supplies expense $1,850$

Insurance expense $700$

Depreciation expense$-$equipment $900$

Utilities expense $2,900\_\_\_\_\_\_\_\_$

$$146,950$ $$146,950$