The adjusted trial balance for the year of Smith Corporation at October 31, 2021, follows. (Click the icon to view the adjusted trial balance.) Read the requirements. Data table Requirement 1. Prepare Smith Corporation's 2021 single-step income statement, statement of retained earnings, and balance sheet. Begin by preparing Smith's 2021 income statement. Smith Corporation Income Statement Year Ended October 31, 2021 Cash Income before tax Smith Corporation Adjusted Trial Balance October 31, 2021 Account Debit Credit $ 15,000 Accounts receivable 19,500 Supplies 2,000 Prepaid rent 1,000 Equipment 36,600 Accumulated depreciation-equipment $ 4,700 Accounts payable 9,400 Interest payable 900 Unearned service revenue 600 Income tax payable 2,700 Note payable 18,300 Common stock 18,000 Retained earnings 2,900 Dividends 8,000 Service revenue 92,200 Depreciation expense-equipment 1,200 Salary avnance 40 600 Print Done - X Data table Supplies 2,000 Prepaid rent Equipment 1,000 36,600 Accumulated depreciation-equipment $ 4,700 Accounts payable 9,400 Interest payable Unearned service revenue Income tax payable 900 600 2,700 Note payable 18,300 Common stock 18,000 Retained earnings 2,900 Dividends 8,000 Service revenue 92,200 Depreciation expense-equipment 1,200 Salary expense 40,600 Rent expense 10,300 Interest expense Insurance expense Supplies expense Income tax expense 2,900 3,300 2,300 7,000 $ 149,700 $ 149,700 Total Print Done