Adjusted Trial Ball July 31, 2017 Cash Accounts receivable Supplies Shop equipment Accumulated depreciation: shop equipment Accounts payable Notes payable Income taxes payable Share Capital Retained earnings Dividends Fees earned Rent expense Wages expense Supplies expense Utilities expense Depreciation expense; shop equipment Income taxes expense Debit Credit $20,200 70,600 2,500 26,600 $9,600 18,000 7,700 22,700 22,200 5,900 16,700 127,400 9,000 35,600 2,900 2,100 600 26,700 $213,500 $213,500 Required: 1. Prepare an Income Statement. 2. Prepare a Statement of Changes in Equity for All Star Repairs. 3. Prepare a Balance Sheet 4. Prepare the necessary closing entries. 5. Determine the amount of taxes paid during the period