Chapter 1 Practice Test E High Tech Systems is a sole proprietorship owned by Ethan Adam. Use the following information to prepare an Income Statement, a Balance Sheet and a Statement of Owner's Equity for High Tech Systems for the month ending December 31, 20xx. (Please note that the balance of owner's capital on November 30h was $5,000 and an additional $1,000 was invested by Mr. Adam on December 15 20xx.) S3,300 1,300 Cash Accounts Receivable Computer Equipment3,000 Office Equipment Accounts Payable Wages Payable Unearned Service Revenue 1,500 E. Adam, Capital E. Adam, Withdrawals Sales Service Revenue Cleaning Expense Wages Expense Rent Expense Utilities Expense Shipping Expense S 500 1,500 500 50 200 600 250 100 1,500 300 1,000 6,000