13 ints 01:23:12 Acct. No 101 106 124 128 163 201 230 301 302 403 623 640 690 Hipster Optical Trial Balance May 31, 2023 Account Title Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accounts payable Unearned service revenue Peeta Black, capital Peeta Black, withdrawals Services revenue Wages expense Rent expense Utilities expense Totals Debit $18,600 8,580 6,500 9,920 25,700 HIPSTER OPTICAL Income Statement For Month Ended May 31, 2023 1,490 Credit $ 1,610 7,900 56,400 25,790 15,100 4,400 1,410 $91,700 $91,700 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2023, and a balance sheet at May 31, 2023.

Required: Using the trial balance provided above. prepare an income statement and statement of changes in equity for the first month ended May 31, 2023, and a balance sheet at May 31, 2023 \begin{tabular}{|l|l|} \hline \multicolumn{1}{c|}{ HIPSTER OPTICAL } \\ \hline & Statement of Changes in Equity \\ \hline For Month Ended May 31, 2023 \\ \hline Peeta Black, capital, May 1 & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total & \\ \hline \end{tabular} Analysis Component: Prepare two different journal entries that might have created the May 31; 2023 balance in the Utilities Expense of \$1,410. Use May 31 , 2023 as the date for your entries. \begin{tabular}{|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline May 31,2023 & & & \\ \hline & & & \\ \hline & & & \\ \hline Record entry & & & \\ \hline & Clear entry \\ \hline \end{tabular}