A work sheet for Megaffin's Repairs is shown. No additional investments were made by the owner during the month. Income Statement Balance Sheet Account Title Debit Mecati's Repairs Work Sheet For Month Ended January 31, 20 Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit 3,680.00 3,680.00 1,450.00 1,450.00 400.00 310.00 890.00 240.00 650.00 3,150.00 3,150.00 Credit Debit Cash Credit 3,680.00 90.00 1,450.00 90.00 650.00 3,150.00 Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accumulated Depreciation-Delivery Equipment Accounts Payable Wages Payable Don Megaffin, Capital Don Megaffin, Drawing Repair Fees 50.00 50.00 50.00 1,190.00 1,190.00 1,190.00 410.00 410.00 410.00 7,634.00 7.634.00 7,634.00 1,100.00 1.100.00 + 1,100.00 5,000.00 5,000.00 5,000.00 Wages Expense 2.130.00 410.00 2.540.00 2,540.00 1,100.00 1,100.00 5.000.00 1,100.00 5,000.00 5,000.00 2,130.00 410.00 2,540.00 2,510.00 100.00 100.00 100.00 650.00 Don Megalin, Drawing Repair Fees Wages Expense Advertising Expense Rent Expense Supplies Expense Phone Expense Insurance Expense Gas and Oil Expense Depreciation Expense-Delivery Equipment Miscellaneous Expense 650.00 650.00 310.00 310.00 50.00 310.00 50.00 50.00 240.00 240.00 240.00 190.00 190.00 190.00 50.00 34.00 50.00 50.00 34.00 13,824,00 13,824.00 1,010,00 1,010.00 34.00 14,284.00 14,284.00 5,000.00 10,120.00 9,234.00 Net Income 4.164.00 836.00 836.00 5,000.00 5,000.00 10,120.00 10,120,00 Required: 1. Prepare an income statement. Megaffin's Repairs Income Statement For Month Ended January 31, 20-- > 2. Prepare a statement of owner's equity. Megaffin's Repairs Statement of Owner's Equity For Month Ended January 31, 20-- 9 3. Prepare a balance sheet. Megaffin's Repairs Balance Sheet January 31, 20-- Assets Current assets: $ est #1 (Chapters 1-6) Calculator Assets Current assets: W10 Total current assets Property, plant, and equipment: Total assets Liabilities Current liabilities: Total current liabilities Owner's Equity Total liabilities and owner's equity