Question: 3. (25 POINTS) Below is an Adjusted Trial Balance for Fairfield Law Firm, LLP. On the blank pages provided, please prepare the following financial statements:

 3. (25 POINTS) Below is an Adjusted Trial Balance for Fairfield

3. (25 POINTS) Below is an Adjusted Trial Balance for Fairfield Law Firm, LLP. On the blank pages provided, please prepare the following financial statements: a) Income Statement b) Statement of Owner's Equity c) Balance Sheet Please include the proper headings. S signs and Underlines for full score, please prepare them on the blank paper Fairfield Law Firm LLP Adjusted Trial Balance For the 12-Months Ended July 31, 2019 Debit 94,100 13,000 1,700 5,500 1,100 22,000 40,000 General Ledger Account 100-Cash 102-Accounts Receivable 103-Inventory 104-Supplies 105-Prepaid Insurance 106-Prepaid Rent 110-Equipment 111-Accumulated Depreciation 200-Accounts Payable 201-Notes Payable 203-Unearned Revenue 204-Salary & Wage Payable 205-Interest Payable 300-Owner's Capital 301-Owner's Drawings 400-Service Revenue 510-Salary & Wage Expense 550-Utilities Expense 601-Rent Expense 611-Insurance Expense 612-Supplies Expense 650-Depreciation Expense 750-Telephone Expense 780-Interest Expense 1,700 2,850 36,000 35,000 3,300 300 55,000 15,000 75,500 7,300 5,900 2,000 100 1,200 200 250 300 209,650 $ 209,650

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