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The adjusted trial balance for Kylo Ren's Lightsaber Company at December 31, 2021, is presented below: Credit Debit 11,400 159,000 5,900 34,000 390,000 Cash Accounts
The adjusted trial balance for Kylo Ren's Lightsaber Company at December 31, 2021, is presented below: Credit Debit 11,400 159,000 5,900 34,000 390,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation-equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 134,000 39,000 39,000 5,700 13,600 245,000 69,800 66,700 490,000 225,000 129,000 24,000 39,000 2,900 3,400 1,036,100 1,036,100 Required: Prepare an income statement for Kylo Ren's Lightsaber Company for the year ended December 31, 2021. Required: Prepare an income statement for Kylo Ren's Lightsaber Company for the year ended December 31, 2021. Kylo Ren's Lightsaber Company Income Statement For the Year Ended December 31, 2021 Operating expenses Total operating expenses Operating income Other expense
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