3 The completed worksheet for Cantu Corporation as of December 31, 2019, after the company had completed the first month of operation, appears below. 8 02:21:21 Income Statement Debit Credit Skipped Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation- Equipment Accounts Payable Selena Cantu, Capital Selena Cantu, Drawing Fees Income Supplies Expense Advertising Expense Depreciation Expense- Equipment Salaries Expense Utilities Expense Totals Net Income CANTU CORPORATION Worksheet Month Ended December 31, 2019 Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit 77,600 77,600 12,400 12,400 10,900 6,400 4,500 16,800 2,800 14,000 70,000 70,000 1,400 1,400 12,400 12,400 108, 400 108,400 7,600 7,600 93,900 93,900 6,400 6,400 2,800 2,800 1,400 1,400 17, 200 17,200 2,200 2,200 214,700 214,700 10,600 10,600 216,100 216, 100 Balance Sheet Debit Credit 77,600 12,400 4,500 14,000 70,000 1,400 12,400 108,400 7,600 93, 900 6,400 2,800 1,400 17,200 2,200 30,000 63,900 93,900 93, 900 186, 100 122,200 63,900 93,900 186, 100 186, 100 Required: 1. Prepare an income statement 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $5,600 instead of $2,800, what net income would have resulted? Required 1 Required 2 Required 3 Analyze Prepare an income statement. CANTU CORPORATION Income Statement Month Ended December 31, 2019 Revenue Expenses Total expenses 0 $ 0 Required 1 Required 2 Required 3 Analyze Prepare a statement of owner's equity. The owner made no additional investments during the month. CANTU CORPORATION Statement of Owner's Equity Month Ended December 31, 2019 0 $ 0 Required 1 Required 2 Required 3 Analyze Prepare a balance sheet. CANTU CORPORATION Balance Sheet December 31, 2019 Assets 0 $ 0 Total assets Liabilities and owner's equity Owner's equity Total liabilities and owner's equity $ 0 Required 1 Required 2 Required 3 Analyze If the adjustment to Prepaid Advertising had been $5,600 instead of $2,800, what net income would have resulted? Net income