Can you tell me how to properly prepare this income statement?
Extracted text: The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented be Accounts Debit Credit Cash 12,000 150,000 6,000 30,000 400,000 Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) $ 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 400,000 20,000 40,000 5,000 Totals $1,063,000 $1,063,000 Required: 1. Prepare an income statement for the year ended December 31, 2021. FIGHTIN' BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2021 Service revenue $ 500,000 < prev="" 4="" of="" 4="" next=""> APR 27 W 80
Extracted text: Required: 1. Prepare an income statement for the year ended December 31, 2021. FIGHTIN' BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2021 Service revenue $ 500,000 Expenses: Supplies expense 2$ 30,000 Salaries expense 400,000 Rent expense 20,000 Depreciation expense 40,000 Interest expense 5,000 Total expenses 495,000 Net Income 2$ 5,000 < prev="" 4="" of="" 4="" next=""> APR 27 W