II. Income Statement Information Based on the following trial balance for Sally's Salon, Inc., prepare...

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II. Income Statement Information Based on the following trial balance for Sally's Salon, Inc., prepare an income statemen Sally's Salon, Inc. Trial Balance December 31 $7,500 475 2,500 17,000 $745 1,000 21,155 Cash Accounts receivable Beauty supplies Beauty shop equipment Accounts payable Common stock Retained earnings Dividends Revenue earned Beauty supplies expense Rent expense Wages expense Totals 36,000 72,000 3,425 6,000 22,000 $94,900 $94,900

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