The trial balance of General Electric Company as of December 31, 2023, before adjustments, is as follows:

Account	Debit ($)	Credit ($)
Cash	20 billion
Accounts Receivable	25 billion
Inventory	30 billion
Prepaid Insurance	3 billion
Equipment	50 billion
Accumulated Depreciation		15 billion
Accounts Payable		18 billion
Salaries Expense	20 billion
Rent Expense	5 billion
Sales Revenue		60 billion
Cost of Goods Sold	35 billion
Income Tax Expense	10 billion

Additional adjustments:

• Depreciation expense for the year was 15 billion.
• Accrued salaries expense at the end of the year amounted to 2 billion.
• Prepaid insurance was adjusted to reflect 2.5 billion used during the year.

Required:

• Prepare an adjusted trial balance for General Electric Company as of December 31, 2023.
• Prepare an income statement.
• Calculate the net income after taxes.