QS $3-19($Algo$)$ Preparing financial statements LO P$5$

The adjusted trial balance for Happ Company follows.

Adjusted Trial BalanceDecember $31$NumberAccount TitleDebitCredit$101$Cash$ $8,600106$Accounts receivable$37,582153$Trucks$43,500154$Accumulated depreciation$$Trucks$$$ $17,487183$Land$30,000201$Accounts payable$20,038209$Salaries payable$4,584233$Unearned revenue$3,984301$E$.$ Happ, Capital$69,369302$E$.$ Happ, Withdrawals$25,291401$Plumbing revenue$93,000611$Depreciation expense$$Trucks$5,829622$Salaries expense$43,524640$Rent expense$14,136$Totals$ $208,462$$ $208,462$

Use the adjusted trial balance to prepare the December $31$ year$-$end income statement.

Use the adjusted trial balance to prepare the December $31$ year$-$end statement of owner's equity. The E$.$ Happ, Capital account balance was $$69,369$ on December $31$ of the prior year, and there were no owner investments in the current year.

Use the adjusted trial balance to prepare the December $31$ year$-$end balance sheet.