Account Titles Debit Credit Cash $ 29,500 Accounts Receivable 16,500 3,000 Prepaid Rent Accounts Payable Salaries Payable $ 7,000 2,400 Common Stock 35,000 Service Revenue 72,000 Operating Expenses 35,000 9,000 Rent Expense Salaries Expense 23,400 Totals $116,400 $116,400 Required: a. Prepare Income Statement [4 Marks) b. Prepare Statement of changes in stockholder's equity [4 Marks) c. Prepare Balance Sheet [5 Marks)