Question $4(30$ marks$)$

Melvin Carnoustie, the owner of Carnoustie Repairs, has the following account balance on August $31,$ Year $6.$ The income statement accounts represent revenues and expenses for the month of August. All accounts have a normal balance. Melvin has little accounting knowledge and simply provided you with a random list as shown below:

$\backslash$table$[[$Melvin Carnoustie, capital $($from Aug. $1),$$$42,000],[$Accounts payable,$7,000],[$Equipment$,30,000],[$Service revenue,$25,000],[$Melvin Carnoustie, drawings,$6,000],[$Supplies expense,$3,500],[$Cash$,8,000],[$Utilities expense,$700],[$Parts$,2,800],[$Salaries expense,$7,000],[$Accounts receivable,$14,000],[$Rent expense,$2,000]]$

Required

A$.$ Prepare a trial balance for August $31.$

B$.$ Prepare an income statement for August.

C$.$ Prepare a statement of owner's equity for August.

D$.$ Prepare a balance sheet for August $31.$