Question it (40 marks) The trial balance as on December 31, 2019 for XYZ Enterprises is as follows: Dr. Cash Accounts receivable Prepaid rent Furniture 7.980 4,850 1.240 12.600 Office equipment 6,000 Long-term note payable Accounts payable 7,360 4,660 Rent payable Capital 2,550 15,300 Drawing 2.000 Services revenues 15,960 Salaries expenses 7,550 2,500 Rent expenses Insurance expenses 1,110 Total 45,830 45,830 Required: a. An income statement for the year ended December 31, 2019 b. A statement of owner's equity for the year ended December 31, 2019 c. A balance sheet as on December 31, 2019