The trial balances before and after adjustment for Crane Company at the end of its fiscal year are presented below.

CRANE COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Salaries and Wages Expense Before Adjustment Dr. $10,400 8,800 2,300 3,900 12,300 17.100 Cr.. $3,500 5,800 0 1.400 14,300 34.200 10,800 After Adjustment Dr. $10,400 9,600 700 2,600 12,300 18,300 Cr. $4,300 5,800 1,200 800 14.300 35,000 11,400 Question 1 of 2 Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense (a) Prepare the income statement for the year. 17,100 0 15,200 0 5,800 0 1,400 14,300 34,200 10,800 18,300 1,600 15,200 1,300 0 800 $70,000 $70,000 $72,800 5,800 1,200 800 14,300 35,000 11,400 $72,800 CRANE COMPANY Income Statement August 31, 2022 For the Year Ended August 31, 2022 For the Month Ended August 31, 2022 Drawings Expenses Investment Net Income / (Loss) Owner's Capital, September 1, 2020 Owner's Capital, August 31, 2019 Revenues Total Expenses Total Revenues CRANE COMPANY Income Statement