1A-5. From the following account balances, prepare in proper form for November (a) an income statement, (b) a statement of owners equity, and (c) a balance sheet for Frederick Realty. Cash $4,800 S. Frederick, Withdrawals $ 120 Accounts Receivable 1,230 Professional Fees 3,000 Office Equipment 8,300 Salaries Expense 550 Accounts Payable 4,000 Utilities Expense 200 S. Frederick, Capital, Nov. 1, 201X 9,000 Rent Expense 800

ASSETS LIABILITIES AND OWNER'S EQUITY