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Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31. 20XX. Hinkleton Widgets Adjusted Trial Balance December 31, 20xx

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Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31. 20XX. Hinkleton Widgets Adjusted Trial Balance December 31, 20xx ACCOUNT TITLE DEBIT CREDIT Cash $ 395,000 Accounts Receivable $ 110,000 Supplies $ 103,000 Equipment $ 150,000 Accumulated Depreciation - Equipment $ 78,000 Accounts Payable $ 4,000 Unearned Revenue $ 12,000 A.B. Cee, Capital $366,000 A.B. Cee, Drawing $ 27,000 Fees Earned $ 700,000 Wages Expense $ 120,000 Rent Expense $ 75,000 Supplies Expense $ 180,000 Totals $ 1,160,000 $1,160,000

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