The adjusted trial balance for Pharoah Fishing Centre is as follows: | PHAROAH FISHING CENTRE Adjusted Trial Balance March 31, 2021 | | | Debit | | Credit | | Cash | $7,600 | | | | Interest receivable | 650 | | | | Supplies | 1,550 | | | | Long-term investments | 32,000 | | | | Land | 45,000 | | | | Building | 195,000 | | | | Accumulated depreciationbuilding | | | $31,000 | | Equipment | 35,000 | | | | Accumulated depreciationequipment | | | 17,500 | | Accounts payable | | | 6,500 | | Interest payable | | | 1,010 | | Unearned revenue | | | 2,100 | | Notes payable ($6,000 must be paid in February, 2022) | | | 65,800 | | R. Falkner, capital | | | 172,040 | | R. Falkner, drawings | 47,000 | | | | Service revenue | | | 125,600 | | Interest revenue | | | 1,200 | | Depreciation expense | 9,800 | | | | Interest expense | 4,050 | | | | Insurance expense | 4,700 | | | | Salaries expense | 29,500 | | | | Supplies expense | 5,800 | | | | Utilities expense | 5,100 | | | | | $422,750 | | $422,750 | Prepare an income statement |
