Exercise 3: Tools 30,000 Deposit interest 10,000 Bank overdraft 5,000 Notes receivable 10,000 Sales revenue 20,000 Salaries payable 10,000 Utilities expense 5000 Additional investment 30,000 Unearned revenue 70,000 Insurance expense 2000 Premises 60,000 Loan interest 5000 Capital 100,000 Prepaid expense 40,000 Drawings 40,000 Land 20.000 Salaries and wages expense 10,000 Notes payable 5000 Service revenue 15,000 Equipment 40,000 Repair expense 3000 Required: Prepare the income statement, owner's equity statement and balance sheet