The adjusted trial balance of Sheri Dan company at December 31, 2022, includes the following accounts: Owners Capital $16,000, Owners Drawings $7,700, Service Revenue $38,800, Salaries and Wages Expense $15,200, Insurance Expense $2,700, Rent Expense $3,100, Supplies Expense $1,200, and Depreciation Expense $1,200. How would you prepare an income statement for the year?