The account balances are as follows: Account balance Cash $($cash$)420,000$Prepaid insurance $14,000$Materials $($inputs$)25,000$Team $27,000$Accounts receivable $($accounts receivable$)125,000$Notes payable $58,600$Accounts payable $($accounts payable$)26,500$Mara Vega, capital $230,100$Mara Vega, retirement $($drawing$)20,000$Income $($accrued fees$)896,000$Utilities expense $9,000$Salary expenses $536,000$Advertising expenses $3,200$Rental expenses $($rental expenses$)32,000$ A$.$ Prepare the trial balance. B$.$ Prepare the statement of income and expenses $($income statement$).$ C$.$ Prepare the owner's equity statement $($owner$\text{'}$s equity statement$).$ D$.$ Prepare the balance sheet. In Crystalline Sources.

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A Trial Balance Cash 420000 Debit Prepaid insurance 14000 Debit Materials inputs 25000 Debit Team 27... View the full answer