Problem 3-5B (Algo) Prepare financial statements from an adjusted trial balance (LO3-5) Violet Designs provides consulting services related to home decoration. Violet Designs provides customers with recommendations for a full range of home dcor, including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the year-end adjusted trial balance of Violet Designs. VIOLET DESIGNS Adjusted Trial Balance December 31, 2024 Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable. Salaries Payable Utilities Payable Notes Payable (due in four years) Common Stock Retained Earnings Service Revenues Salaries Expense Rent Expense Depreciation Expense. Supplies Expense Advertising Expense Utilities Expense Interest Expense Totals Debits $ 4,000 Credits 3,000 1,000 5,000 100,000 $ 20,000 2,000 3,000 1,2001 10,000 40,000 14,000) 117,800 41,000 17,000 6,000 7,000 12,000 11,000 1,000 $ 200,000 $ 208,000