XYZ Corporation began operations on January 1, 2020. Presented below is selected information related to XYZ on December 31, 2020. Prepare an Income statement for XYZ company. Equipment 435,000 Utilities Expense 54,000 Cash 126,000 Accounts Receivable 972,000 Salaries and Wages Expense Service Revenue 363,000 Rent Expense 117,000 Notes Payable Accounts Payable 66,000 Dividends 135,000 Share Capital-Ordinary 252,000 Payable 24,000 Supplies Expense 45,000 60,000 123,000 144,000 Salaries and Wages Advertising