5. Use the following Worksheet to create the following financial statements for V's Violins: a) Income Statement (5 marks) b) Statement of Owner's Equity (4 marks) c) Balance Sheet(6 marks) Adjustments CR DR Trial Balance DR CR 26,000 10,000 4,000 1,000 2,000 5,000 Adjusted Trial Balance DR CR 26,000 10,000 3,000 3,000 50,000 90,000 20,000 27,000 6,000 4,000 950 50,000 90,000 14,000 6,000 27,000 Cash Accounts Receivable Prepaid Insurance Supplies Land building acc depr - building equipment acc. depreciation -equipment A/P Unearned revenue mortgage payable Capital Drawings Revenue Salaries exp utilities exp Interest exp Insurance expense Depreciation expense Supplies Expense 1,500 4,500 4,000 1,950 65,000 180,550 1,000 600 65,600 180,550 + 90,000 90,000 55,000 1,000 56,000 15,000 8,000 15,000 8,000 600 0 600 0 0 1,000 7,500 2,000 1,000 7,500 2,000 0 TOTAL 325,000 325,000 12,100 12,100 333,100 333,100 +