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Question 2 18 Marks From the information given below prepare the income statement, statement of owner's equity and balance sheet (classify balance sheet entries) Statement of owners' equity CUD SERVICES Trial Balance as at 31 December 2019 Account Debit $ Credit $ Cash at bank 6 200 Accounts receivable 20 000 Office supplies 7 260 Prepaid insurance 1 725 Long-term bank loan 35 000 Equipment 82 800 Accumulated depreciation - equipment 14 600 Accounts payable 15 000 Balance sheet Capital Assets Drawings 27 000 Accounting services revenue 126 500 Salaries expense 43 250 Advertising expense 2 250 Repairs expense 1 260 Sundry expense 7 520 Electricity expense 3 405 Telephone expense 2 620 Interest on bank loan expense 1 350 $ $ Liabilities and Owner's Equity Income statement