Windsor Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2020.

WINDSOR DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
		Debit			Credit
Cash		$11,485
Accounts Receivable		21,985
Supplies		5,485
Prepaid Insurance		2,985
Equipment		60,485
Accumulated Depreciation-Equipment					$35,485
Accounts Payable					5,485
Interest Payable					198
Notes Payable					6,600
Unearned Service Revenue					6,085
Salaries and Wages Payable					1,456
Common Stock					10,485
Retained Earnings					3,985
Service Revenue					61,985
Salaries and Wages Expense		11,785
Insurance Expense		1,006
Interest Expense		548
Depreciation Expense		8,600
Supplies Expenses		3,400
Rent Expense		4,000
		$131,764			$131,764

Prepare an income statement for the year ending December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

WINDSOR DESIGN Income Statement choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item		$enter a dollar amount
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		enter a total amount for section two
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		$enter a total net income or loss amount