1. Based on the following trial balance for Sal's Beauty Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Sal made no additional investments in the company during the year. Sal's Beauty Shop Trial Balance December 31 Cash... Accounts receivable Beauty supplies Beauty shop equipment. Accounts payable. $ 6,500 475 2,500 17,000 $ 745 Sal Style, Capital.. 21,155 Sal Style, Withdrawals. 36,000 Revenue earned. 72,000 Beauty supplies expense 3,425 Rent expense 6,000 Wages cxpcnsc. 22,000 Totals. $93,900 $93,900