Which of the following does not occur for a trustee in a Chapter 7 bankruptcy case?

Question

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An income statement is not prepared for a Chapter 7 bankruptcy case. The trustee is responsible for selling the debtor's assets and distributing the proceeds to creditors according to the priority established by law. Any gains or losses from the sale of assets are debited or credited to the estate equity account, and liquidation expenses are also debited to this account. If the trustee discovers unrecorded liabilities, they are debited to the estate equity account and credited to the liability account, but no income statement is prepared.

Which of the Following Does Not Occur for a Trustee