The trial balance of your company as of December 31 of the current year is presented...

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The trial balance of your company as of December 31 of the current year is presented below. Your Company Trial Balance December 31 Debit Credit Cash $ 21,900 Short-term investments Accounts receivable, net Supplies Prepaid expenses Long-term notes receivable 16,900 30,700 7,700 6,100 35,000 Investments in stocks and bonds 28,000 Buildings 50,400 Accumulated depreciation - Buildings $ 10,100 Land 40,000 Copyrights 8,000 Accounts payable Unearned fees Long-term notes payable Your, Capital Your, Withdrawals Services revenue Interest revenue Rent expense Salaries expense Miscellaneous expenses Depreciation expense Totals Required: 12,000 2,400 30,000 173,240 11,300 73,700 3,800 8,800 29,500 5,900 5,040 $ 305,240 $ 305,240 1) Prepare an income statement for the year ended December 31. 2) Prepare a statement of owner's equity for the year ended December 31. The capital balance on January 1 was $173,240. There were no owner investments during the year. 3) Prepare a classified balance sheet at December 31. The trial balance of your company as of December 31 of the current year is presented below. Your Company Trial Balance December 31 Debit Credit Cash $ 21,900 Short-term investments Accounts receivable, net Supplies Prepaid expenses Long-term notes receivable 16,900 30,700 7,700 6,100 35,000 Investments in stocks and bonds 28,000 Buildings 50,400 Accumulated depreciation - Buildings $ 10,100 Land 40,000 Copyrights 8,000 Accounts payable Unearned fees Long-term notes payable Your, Capital Your, Withdrawals Services revenue Interest revenue Rent expense Salaries expense Miscellaneous expenses Depreciation expense Totals Required: 12,000 2,400 30,000 173,240 11,300 73,700 3,800 8,800 29,500 5,900 5,040 $ 305,240 $ 305,240 1) Prepare an income statement for the year ended December 31. 2) Prepare a statement of owner's equity for the year ended December 31. The capital balance on January 1 was $173,240. There were no owner investments during the year. 3) Prepare a classified balance sheet at December 31.