Question: QUESTION 5: FINANCIAL STATEMENTS (20 marks) Listed below are the accounts and balances for Cisco Painting as at December 31, 2018. These are from the

QUESTION 5: FINANCIAL STATEMENTS (20 marks) Listed below are the accounts and balances for Cisco Painting as at December 31, 2018. These are from the December 31, 2018 Adjusted Trial Balance and are listed in alphabetical ceder t e s Required: (a) Prepare an Income Statement for the year ended December 31, 2018 (6 marks) (b) Prepare a Balance Sheet at December 31, 2018 (14 marks) Accounts payable Accounts receivable Cash Cisco, Capital, Dec. 1. 2018 Depreciation expense - equipment Equipment Land Mortgage payable Prepaid rent Rent expense Service revenue Utilities expense Wages expense 44,000 31,000 24,000 98,000 2,000 22,000 118,000 35,000 8,000 3,000 46,000 7.000 8.000

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