Section B: Short Question [SK1: 5 marks - 1 x 5 marks] B1 - The following is the trial balance of Star Company on December 31st, 2019: Credit Star Company Trial Balance December 31st, 2019 Debit Cash $500,000 Accounts Receivable 175,000 Supplies 200,000 Equipment 500,000 Furniture 375,000 Accounts Payable Star, Capital Star, Drawings 50,000 Service Revenue Salaries Expense 250,000 Advertising Expense 75,000 Rent Expense 125,000 Utilities Expense 50,000 Total 2,300,000 $150,000 1,400,000 750,000 2,300,000 Required: Prepare the financial statements of Star Company on December 31st, 2019. [SK1: 5 marks]