A chart of accounts is below. Following is a series of transactions. Indicate for each transaction the accounts that should be debited and credited by inserting the proper account number in the space provided. 111 Cash 411 Deliver lees Earned 112 Accounts Receivable 511 Salaries Expense 121 Delivery Equipment 512 Rent Expense 211 Accounts Payable 513 Advertising Expense 311 M. Tharp, Capital 514 Gas Expense 312 M. Tharp, Withdrawals Paragraph UA lili + ... TRANSACTION DEBIT CREDIT a) Tharp invested cash in the business. b) Received cash for delivery services performed c) Billed a customer for services performed. TRANSACTION DEBIT CREDIT a) Tharp invested cash in the business. I b) Received cash for delivery services performed c) Billed a customer for services performed. d) Paid accounts payable. e) Tharp withdrew cash for personal use. f) Purchased delivery equipment on account. 8) Performed services on account. h) Received cash from transaction 8. i) Paid rent expense for the month k) Advertising bill was received but not yet paid. The following is a list of the accounts and their balances appearing in the ledger of Martin Mann Garage as of December 31, 2020, the company's year-end. The accounts are in alphabetical order and have normal balances. This is the second year of operations. REQUIRED A. Prepare an Income statement for the year ended December 31, 2020.8 marks B. Prepare a Statement of Changes in Equity for the year ended December 31, 2020. 5 marks C Prepare a Balance Sheet as at December 31, 2020. 12 marks ACCOUNT Accounts payable Accounts receivable Cash Equipment Gasoline Expense Martin Mann, Capital Martin Mann, Withdrawals Notes Payable Prepaid Rent Rent Expense Repairs Expense Salary Expense Salary Payable Sales Revenue Service Revenue Supplies Supplies Expense Truck Uneamed Service Revenue ACCOUNT BALANCE 1,150 2.750 1,200 17 800 1.00 19,00 1.500 TO 1,000 1,600 1.900 2.100 100 750 2000 24.000 200 Income Statement Statement of Owner's Equity Balance Sheet