3. Assume that your chosen organisation has made a small investment in Wilson Supplies Ltd. The following are the account and balances (in random order) for the year ended 31 March, 2021. $ $ Notes payable 11,000 Accumulated depreciation - Office Equipment 15,000 Prepaid insurance 2,500 Accounts receivable 4,000 Interest expense 500 Utilities expense 1,300 Accounts payable 1,500 Interest payable 100 Wages payable 400 Unearned revenue 800 Cash 10,000 Supplies expense 200 Wages expense 7,500 Office Equipment 40,000 Insurance expense 1,800 Dividends 3,000 Common stock 10,000 Depreciation expense-Office Equipment 2,000 Retained earnings 14,800 Supplies 800 Services revenue 20,000 An extract of business transactions completed by Wilson Supplies Ltd in the first week during the month of April are as follows. a. The company purchased an office equipment valued at $10,000 and a motor vehicle valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $140,000 b. The company purchased $2,000 of office supplies on credit. c. Credit sales to customers amounted to $20,000. The cost price for the supplies were $18,000. d. The company paid $635 cash for this month's utilities. e. The company paid a $2,800 cash dividend. Use the information given above to show the effect of the transactions (a-e) on the accounting equation (Assets - Liabilities = Owners' Equity) and prepare the following adjusted financial statements: A Statement of financial position (Balance Sheet) An income statement