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Yanik Financial Services Ltd. reports the following adjusted trial balance at August 31, 2021: (a) Prepare an income statement. YANIK FINANCIAL SERVICES LTD Statement of

image text in transcribedimage text in transcribed Yanik Financial Services Ltd. reports the following adjusted trial balance at August 31, 2021: (a) Prepare an income statement. YANIK FINANCIAL SERVICES LTD Statement of Income For the year ended August 31, 2021 Revenues Service Revenue $55,425 Expenses Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total expenses Income before income tax Insurance Expense $19,300 13,445 2,475 1,750 1,600 1,240

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