5 This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2023, year-end: Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, equipment Advertising expense Automobiles Cash Depreciation expense, automobiles Depreciation expense, equipment Equipment Revenue Interest income Interest expense Interest payable Interest receivable John Conroe, capital John Conroe, withdrawals Land Long-term notes payable Notes receivable (due in 90 days) Office supplies Office supplies expense Repairs expense, automobiles Salaries expense Salaries payable Unearned revenue Wages expense Debit $ 17,900 8,200 132,000 10, 200 12,400 3,300 61,000 2,700 300 18, 200 31,000 76,000 3,200 12, 200 7,600 75,425 27.000 $ Credit 43,200 68,200 19,700 223,200 15 75 22,200 107,000 4,700 10, 200

This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2023, year-end: Required: Use the information in the trial balance to prepare: a. The income statement for the year ended December 31, 2023 . b. The statement of changes in equity for the year ended December 31,2023 , assuming that the owner made additional investments of $11,000 during the year. c. The balance sheet as of December 31,2023. (Be sure to list the assets and liabilities in order of their liquidity.)