Problem 2-9 A Preparing financial statements from a trial balance L06 Acct. No 181 106 124 128 163 201 230 Hipster Optical Trial Balance May 31, 2020 Account Title Cash Accounts receivable Office Supplies Prepaid insurance office equipment Accounts payable Unearned service revenue Peeta Black, capital Peeta Black, withdrawals Services revenue Wages expense Rent expense Utilities expense Totals 301 Debit Credit $18,000 7,980 5,900 9,320 25,100 $1,550 7,300 55,800 1,430 22,730 14,500 3,800 1,350 $87,380 $87,380 302 403 623 640 690 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2020, and a balance sheet at May 31, 2020