Question $3$ Financial Statements $(18$ marks$)$

Required: Using the information given below, prepare an income statement, an owner's equity statement and a balance sheet for Rapid Car Services from the adjusted trial balance. Owner Stella Grafton did not make any additional investments in the company during the year.

$\backslash$table$[[$Rapid Car Services Adjusted Trial Balance For the year ended December $31],[],[],[$Cash$,$$ $20,650,],[$Accounts receivable,$1,150,],[$Office supplies,$1,500,],[$Buildings$,150,000,],[$Accumulated depreciation $-$ Buildings,,$1,500],[$Salaries payable,,$1,000],[$Stella Grafton, Capital,,$170,000],[$Stella Grafton, Withdrawals,$2,000,],[$Fees earned,,$10,000],[$Rent expense,$2,000,],[$Office supplies expense,$800,],[$Utilities expense,$400,],[$Depreciation Expense $-$ Buildings,$1,500,],[$Salary expense,$2,100,],[$Fuel expense,$400,],[$Totals$,$$$182,{500}_{?},$$$182,{500}_{?}$