The adjusted trial balance of Paul Cooper Co. as of December 31, 2020, contains the following

PAUL COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020

Debit Credit

Cash $20,232

Accounts Receivable 7,680

Prepaid Rent 3,040

Equipment 18,810

Accumulated Depreciation-Equipment $5,655

Notes Payable 6,460

Accounts Payable 6,232

Common Stock 20,760

Retained Earnings 12,070

Dividends 3,760

Service Revenue 12,350

Salaries and Wages Expense 7,600

Rent Expense 2,202

Depreciation Expense 203

Interest Expense 141

Interest Payable 141

$63,668 $63,668

Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)