The Blue Chip Co

The Blue Chip Co. prepared the following income statement for December 31, 2011 but neglected to make the necessary adjusting entries.
Required: Prepare a corrected income statement after considering the following:
(1.) The company had purchased a truck for $4,800 on January 1, 2011 which was expected to last 5 years. It was originally debited to the account "Truck" and credited to cash.
(2.) Salaries of $2,400 were owed to employees but not yet recorded.
(3.) The company owed $640 in accrued interest which was to be paid early in January 2012.
(4.) In November 2011, the company had received $3,600 of advance payments which were originally recorded as Unearned Revenue. One-third of this was earned in December, 2011.
$\begin{array}{c} \text {The Blue Chip Co.}\\ \text { Income Statement}\\ \text {For the Year ending December 31, 2011}\\\begin{array}{|l|r|r|}\hline \text { Revenues } &&\$96,400 \\\hline\\\hline \text { Expenses } & \\\hline \text { Wage Expense } & \$ 16,480 \\\hline \text { Rent Expense } & 4,320 \\\hline \text { Telephone Expense } & 560 \\\hline \text { Utility Expense } & 960\\\hline \text { Total Expenses } &&22.320 \\\hline \text { Net Income } &&\$74,080 \\\hline\end{array}\end{array}$