The following items are taken from the financial statements of Cheyenne Company for the year ending December 31, 2022:

prepare an income statement

Accounts payable $19,000 Accounts receivable 7,800 Accumulated depreciation equipment 5,200 Bonds payable 18,500 Cash 24,500 Common stock 26,700 Cost of goods sold 27,400 Depreciation expense 4,400 Dividends 5,800 Equipment 44,000 Interest expense 2,400 Patents 4,365 Retained earnings, January 1, 2022 7,525 Salaries and wages expense 5,600 Sales revenue 52,000 Supplies 2,660 CHEYENNE COMPANY Income Statement For the Year Ended December 31, 2022 $ 4 + $