After the adjusted trial balance is prepared, you tell Sophia that HHECs financial statements for Year 1 can now be be prepared. You must use the adjusted trial balance to prepare HHECs income statement, statement of owners equity, and balance sheet.

I have completed the income statement but need help with the second screenshot.

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HHEC Adjusted Trial Balance December 31, Year 1 7,215 2,700 2,400 2,300 10,000 1,980 1,800 50 1,850 250 Cash Accounts Receivable Supplies Preapid Insurance Building Accumulated Depreciation - Building Office Equipment Accumulated Depreciation - Office Equipment Accounts Payable Wages Payable Unearned Revenue Sisters, Capital Sisters, Withdrawals Clearning Revenues Depreciation Expense - Office Equipment Depreciation Expense - Building Insurance Expense Supplies Expense Wages Expense Utilities Expense Miscellaneous Expense Total 360 15,000 4,000 19,160 50 1,980 100 400 4,525 985 195 38,650 38,650 19,160 Answer: HHEC Income Statement For the Year ended December 31, Year 1 Revenue: Cleaning Revenues Expenses: 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 Expenses $ 8,235.00 Net Income $ 10,925.00 HHEC Statement of Owners' Equity For the Year ended December 31, Year 1 Total Owner's Equity, December 31, Year 1 $ HHEC Balance Sheet For the Year ended December 31, Year 1 Assets Current Assets: Cash Accounts Recievable Supplies Prepaid Insurance Non-current Assets Buildings Less: Accumulated Depreciation-building Office Equipment Less: Accumulated Depreciation - office equipment Total Assets Q Current Liabilities Total Liabilities and Owner's Equity ar