The adjusted trial balance for Zahurak Company follows. Use the adjusted trial balance to prepare the December 31 year-end

(a) Income statement,

(b) Statement of owner’s equity,

(c) Balance sheet. The E. Happ, Capital account balance was $65,500 on December 31 of the prior year.

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A Adjusted Trial Balance December 31 2 3 No. 4 101 Cash 5 106 Accounts receivable 6 153 Trucks 7 154 Accumulated depreciation-Trucks 8 183 Land 9 201 Accounts payable 10 209 Salaries payable 11 233 Unearned fees 12 301 E. Happ, Capital 13 302 E. Happ, Withdrawals 14 401 Plumbing fees earned 15 611 Depreciation expense-Trucks 16 622 Salaries expense 17 640 Rent expense Account Title Dr. Cr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 46,700 13,000 $189,800 $189,800 Totals 18