ASSIMILATION 1. Below is the trial balance of Babel Enterprises as of 31 December 2019. Based on it, prepare the Statement of Financial Position in report form and account form. Account Cash P Debit 52,100 Credit Accounts Receivable Office Supplies P 13,000 P 3,000 Furniture and Fixtures P 36,000 Office Equipment P 28,000 Accounts Payable P 7,500 Owner's Contribution P 74,000 Notes Payable P 50,000 Supplies Expense P 1,250 Owner's Drawing P 3,360 Consulting Fees Earned 15,000 Rent Expense P 2,550 Salaries Expense P 6,000 Telephone Expense P 660 Miscellaneous Expense P 680 Depreciation Expense P 900 Interest Income P 1,000 TOTAL P 147,500 P 147,500