The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance December 31 Account Title Debit Credit Cash $5,000 Prepaid insurance 500 Notes receivable (due in 5 years) 4,000 Buildings 20,000 Accumulated depreciationBuildings $12,000 Accounts payable 2,500 Notes payable (due in 3 years) 3,000 Common stock 6,000 Retained earnings 4,500 Dividends 1,000 Consulting revenue 9,500 Wages expense 3,500 Depreciation expenseBuildings 2,000 Insurance expense 1,500 Totals $37,500 $37,500 Required: (1) Prepare an income statement for the year ended December 31. (2) Prepare a