Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first year ended July 31, 2020, and a balance sheet at July 31, 2020.

Analysis Component: Prepare two different journal entries, including explanations, that might have created the July 31, 2020, balance in Revenue of $111,900. Use July 31, 2020, as the date for your entries.

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Feline Pet Care Trial Balance July 31, 2020 Acct. No. Account Title Debit Credit $ 22,800 101 Cash. 106 Accounts receivable. 11,400 128 Prepaid insurance 12,300 163 Equipment. 18,000 173 Building. 190,000 183 Land 134,000 $ 14,240 201 Accounts payable Unearned revenue.. 230 91,000 Dwight Turnbull, capital. 301 290,760 302 Dwight Turnbull, withdrawals. 4,800 Revenue. 401 111,900 623 56,000 Wages expense Equipment rental expense. 645 32,000 Advertising expense Pet food expense 655 9,000 684 17,600 $507,900 $507,900 Totals