3. Prepare Income Statement, Statement of Owner's Equity and the Balance Sheet for the year 2023...

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3. Prepare Income Statement, Statement of Owner's Equity and the Balance Sheet for the year 2023 from the following Trial Balance: Canadian Sounds Trial Balance Dec 31, 2023 Accounts Dr Cr Cash 15,000 Accounts Receivable 36,000 Supplies 7,500 Furniture 45,000 Land 37,500 Computer Equipment 165,000 Building 300,000 Accounts Payable 57,000 Notes Payable 195,000 Salaries Payable Owner, Capital 22,500 300,000 Owner, Withdrawals 103,500 Service Revenue 450,000 Advertising Expense 48,500 Courier Expense 7,000 Insurance Expense 4,500 Interest Expense 15,000 240,000 Salaries Expense Total a. Income Statement 1,024,500 1,024,500 REVENUE: EXPENSES: Canadian Sounds Income Statement For the year ended Dec 31, 2023 Total Expenses NET INCOME 3. Prepare Income Statement, Statement of Owner's Equity and the Balance Sheet for the year 2023 from the following Trial Balance: Canadian Sounds Trial Balance Dec 31, 2023 Accounts Dr Cr Cash 15,000 Accounts Receivable 36,000 Supplies 7,500 Furniture 45,000 Land 37,500 Computer Equipment 165,000 Building 300,000 Accounts Payable 57,000 Notes Payable 195,000 Salaries Payable Owner, Capital 22,500 300,000 Owner, Withdrawals 103,500 Service Revenue 450,000 Advertising Expense 48,500 Courier Expense 7,000 Insurance Expense 4,500 Interest Expense 15,000 240,000 Salaries Expense Total a. Income Statement 1,024,500 1,024,500 REVENUE: EXPENSES: Canadian Sounds Income Statement For the year ended Dec 31, 2023 Total Expenses NET INCOME