Use the following select financial information to prepare a December $31$ income statement.

Use the following select financial information to prepare a December 31 income statement. 16,000 66,000 21,000 Cash Accounts Land Accounts Salaries Unea rned receivable payable payable revenue $ 56, 000 Services revenue 51, Rental revenue 71,000 Salaries expense 36,000 Insurance expense 2,600 Advertising expense 8,600 $ 117,200 5,600 Income Statement