UBit Software Downl UBLearns -The Libraries. Univ Imported From IE D MAJB Home Page W' UB Student Respons Saved d hw problems Required information M4-14 through M4-17 Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journal Entries [LO 4-4, LO 4-5 The following information applies to the questions displayed below) The Sky Blue Corporation has the following adjusted trial balance at December 31 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) tquipment Accunulated Depreciation s 1,230 2,000 2,300 3,880 12,080 $ 2,600 5,420 1,000 2,900 Accounts Payable Salaries and Hages Payable Income Taxes Payable Deferred Revenue Conmon Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and hages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense 2,400 1,809 42,030 300 21,600 1,380 4,220 6,000 Income Tax Expense Total 58,25 $58,250 M4-14 Required 1. Prepare an income statement for the year ended December 31 Prev 4567f Next > graded hw XOLL