The adjusted trial balance of Top Hat Corporation at December 31, 2019 includes the following accounts: Retained Earnings $12,000 (credit balance), Dividends paid $7,000; Service Revenue $50,000; Salaries Expense $12,000; Insurance Expense $3,000; Rent Expense $2,500; Supplies Expense $500; and Depreciation Expense $1,500, Interest Payable $5,000, unearned revenues $4000.

Prepare an income statement for the year ended December 31, 2018. Label all the accounts and related dollar amounts you include in your