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[The following information applies to the questions displayed below.] The December 31, 2022, adjusted trial balance for Boomer, Inc. is presented below. Accounts Cash Accounts
[The following information applies to the questions displayed below.] The December 31, 2022, adjusted trial balance for Boomer, Inc. is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Debit $ 11,700 Credit 147,000 5,700 28,500 370,000 $132,000 11,700 10,700 4,700 37,000 270,000 57,000 470,000 370,000 18,500 37,000 4,700 $993,100 $993,100 Required: 1. Prepare an income statement for the year ended December 31, 2022. [Hints: Some lines on the income statement will be blank. Be sure to select the title "Net income" on the bottom line.]
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