The adjusted trial balance for Verona Inc. follows.

Adjusted Trial Balance
June 30
Description	Debit	Credit
Cash	$33,500
Accounts receivable	18,000
Supplies	4,800
Equipment	85,000
Accumulated depreciationEquipment		$15,000
Accounts payable		8,500
Deferred revenue		2,200
Note payable		50,000
Common stock		55,000
Dividends	3,000
Retained earnings		18,900
Sales		177,000
Salaries expense	150,000
Insurance expense	6,000
Depreciation expense	8,500
Misc. expenses	17,800
Totals	$326,600	$326,600

Required Create an income statement for the fiscal year-ended June 30.

Income Statement
For the Fiscal Year Ended June 30
AnswerExpensesNet assetsNet incomeNet lossSalesTotal assetsTotal liabilities		Answer
AnswerExpensesNet assetsNet incomeNet lossSalesTotal assetsTotal liabilities
Salaries expense	Answer
Insurance expense	Answer
Depreciation expense	Answer
Misc. expenses	Answer
Total expenses		Answer
AnswerExpensesNet assetsNet incomeNet lossSalesTotal assetsTotal liabilities		Answer