The following information relates to Gold Company for the ye…
The following information relates to Gold Company for the year 2021. Pre-paid Insurance $44,000 Rent expense $11,500 Supplies expense $2,500 Unearned Revenue $31,000 Dividends during 2021 $ 5,700 Revenue (Fees Earned) $128,000 Accounts Payable $43,000 Insurance expense $13,500 Advertising expense $51,000 Depreciation expense $25,000 Equipment $150,000 Accounts Receivable $6,730 Prepare an Income Statement for December 31, 2021.