Selected accounts from Fair Trader Company's adjusted trial balance for the year ended December 31 follow. $450 Interest revenue 5,500 Salaries expense 80,000 Supplies expense 16,500 Bad debt expense Factoring fees Insurance expense Sales Rent expense Prepare its income statement. Revenues FAIR TRADER COMPANY Income Statement For Year Ended December 31 Total revenues Expenses Total expenses $ 4,500 37,000 350 2,500

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