After the adjusted trial balance is prepared, you tell Sophia that HHECs financial statements for Year 1 can now be prepared.

HHEC
Adjusted Trial Balance
December 31, Year 1
Cash	$ 7,215
Accounts Receivable	$ 2,700
Supplies	$ 2,400
Preapid Insurance	$ 2,300
Building	$ 10,000
Accumulated Depreciation - Building		$ 1,980
Office Equipment	$ 1,800
Accumulated Depreciation - Office Equipment		$ 50
Accounts Payable		$ 1,850
Wages Payable		$ 250
Unearned Revenue		$ 360
Sisters, Capital		$ 15,000
Sisters, Withdrawals	$ 4,000
Cleaning Revenues		$ 19,160
Depreciation Expense - Office Equipment	$ 50
Depreciation Expense - Building	$ 1,980
Insurance Expense	$ 100
Supplies Expense	$ 400
Wages Expense	$ 4,525
Utilities Expense	$ 985
Miscellaneous Expense	$ 195
Total	$ 38,650	$ 38,650

You must use the adjusted trial balance to prepare HHECs income statement, statement of owners equity, and balance sheet.