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Can you prepare a Net Income Statement?

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Hasselihout Company's unacfusted trial balance at December 31, 2022. is aratented below. Unfecorded trarsactions: 1. On Mav 1.2022. Hasselifoul purchased coalpment for $21.200 plus sales taxes of $2.600 (all past in cash). 2. On fufy 1,2022. Hassethoud sold foe $9.590 eydipment which oriesinally cost 55000 . Accumulated deprexiation on this equipment at fanuary 12022 , was $1,900, 2022 depreciationprior to the sale of the equipmerit was $450. 7. On December 31,2022 . Hissethout soldanaccount $9.000 ad inventary that cast $6.300 4. Hasselhout estimates that uncolectible accounts recelvable at year-end are $3,500 5. The note receivable is a 1-year, 8% note dated April 1, 2022 . No interest has been recorded. 6. The balance in prepaid insurance represents payment of a $3,600 6-month premium on September 1,2022. 7. The buildize is being deareciated using the straight-line method over 30 years. The salvage value is $30,000. 8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The calvage value is 105 at cost. 9. The equipment purchased on May 1, 2022, is being depreciated using the straight-line methed over 5 years, with a salvage value of $1.800. 10. The patent was acquired on january 1, 2022, and has a useful life of 10 years from that date. 11. Unpaid salaries and wages at December 31, 2022, total 55,200 12. The unearned rent revenue of $6,000 was received on December 1,2022 , for 3 months' rent. 13. Both the short-term and long-term notes payable are dated January 1.2022, and carny a 9x interest rate. All interest is payable in the next 12 months. (a) - Your arewer in pastaly acoount tities are ieutomaticatly indered wher amount is entered, Do not indent mantally if no entry is mquhed, seiect "No Entry" for the atcount tities and enter O for the arnounts) Do not recond srparatedy Prepare an adjusted trial balance at December 31, 2022 KCombine the amounts of amrent and non-current portion of Notes Parable Donot rocond separatet. Profiles Tab Window Help sessment Player UI John Assignment - Google Question 1 of 1 Irwurance Experse Interist Expense Other Operating Expenses 39.38/100 Amortibation Expenle Salaries and Wages Expense Total eTextbook and Media Solution List of Accounts Attemptw 5 of 5 used (c1) Prepare a 2022 nomatil atemeni HASSELHOUF COMPANY Income Statement Prepare a 2022 income statement. Profilies Tab Window Help sment Player UI x1 John Assignment - Goog jestion 1 of 1 39.38/100

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