b) trail balance ?

c) owners equity ?

Question 7 Sandhill's Home Renovations was started in 2008 by Jim Sandhill. Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021, and the revenues, expenses, and drawings for the year ended December 31, 2021: Accounts payable $7,925 Operating expenses $3,457 Accounts receivable 10,556 Prepaid insurance 1,364 Cash 9,246 Salaries expense 88,033 Equipment 29,037 Service revenue 157,710 Insurance expense 3,392 Supplies 774 Interest expense 1,082 Supplies expense 20,890 J. Sandhill, drawings 44,438 Unearned revenue 14,444 Notes payable 30,548 Vehicles 41,870 Jim's capital at the beginning of 2021 was $43,512. He made no investments during the year. (al) Prepare the income statement. SANDHILL'S HOME RENOVATIONS Income Statement