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

KEVINCOOPER CO.

ADJUSTED TRIAL BALANCE

DECEMBER 31, 2020

Debit

Credit

Cash

$20,727Accounts Receivable

8,175Prepaid Rent

3,535Equipment

19,305Accumulated Depreciation-Equipment

$6,150Notes Payable

6,955Accounts Payable

6,727Common Stock

21,255Retained Earnings

12,565Dividends

4,255Service Revenue

12,845Salaries and Wages Expense

8,095Rent Expense

2,166Depreciation Expense

239Interest Expense

177Interest Payable

177$66,674

$66,674

(a)

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