5. Based on the following trial balance for Haracle's Repair Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Haracle made no additional investments in the company during the year. (Mark as 21%) Haracle's Repair Shop Trial Balance December 31 $ 12,500 1,500 500 27,000 33,000 $ 2,600 39,525 Cash. Accounts receivable. Supplies... Repair shop equipment. Service truck .... Accounts payable. Haracle, Capital Haracle, Withdrawals Service Revenue Supplies expense. Rent expense Utilities expense Gas expense Wages expense. Totals.. 36,000 125,000 3,425 18,000 6,000 7,200 22,000 $167.125 167,125