The following information applies to the questions displayed below.]

The December 31, Year 1, adjusted trial balance for a company is presented below.

Required:

1. Prepare an income statement for the year ended December 31, Year 1.

Required information [The following infolnation applies to the questions displayed below.] The December 31, Year 1, adjusted trial balance for a company is presented below. Credit Debit $ 10,400 134,000 4,400 22,000 240,000 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 $119,000 10,400 9,400 3,400 24,000 140,000 44,000 340,000 240,000 12,000 24,000 3,400 $690,200 $ 690,200 3 Required: 1. Prepare an income statement for the year ended December 31, Year 1. Income Statement For the Year Ended December 31, Year 1 Expenses: 5 Total expenses