Question

What is the source of information used to prepare the income statement?

Answer 1

The source of information used prepare the income statement is the "Income Statement section"

Answer 2

The adjusted trial balance

Step-by-step explanation:

The income statement is the financial statement that shows the revenue generated by the company as well as the expense incurred in the process for a given period of time. It shows the company's performance in terms of profit or loss.

Items of sales and expenses are show in the company's trial balance. This feeds the income statement.