The accountant for Flagger Company prepared the following list of accounting equation element balances from the company's records for the year ended December 31: Fees earned $165,000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 42,000 Flagger, capital 36,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages expense 40,000 Rent expense 51,000 Income taxes payable 5,000 Prepaid rent 2,000 Notes payable 20,000 Income taxes expense 18,000 Prepare an Income Statement for Flagger Company in good form. Flagger Company Income Statement For the Year Ended December 31 Revenues: $ $ Expenses: $ Total expenses $