Bailey's Computer Services Adjusted Trial Balance Account Names Cash Debit Credit 7,840 Accounts Receivable 3,900 From the adjusted Trial Balance prepare the Financial Statements as noted below: Bailey's Computer Services Income Statement For the month ended December 31, 2018 Revenues: M Prepaid Rent 1,100 Office Supplies 2,550 Computer Equipment 38,546 Expenses: Acc. Depr. Comp. Equip. 2,874 Accounts Payable 7,413 Salaries Payable 1,478 Bailey, Capital 34,217 Bailey, Withdrawals 2,500 Total Expenses Income Summary Service Revenue 18,745 Net Income 7 Depr. Expense-Equip. 1,450 Salaries Expense 3,500 (7 pts) 9 Utilities Expense 2,800 Supplies Expense 541 1 Total 64,727 64,727 2 B 5 5 7 3 9 . 1 2 B 4. 5 Bailey's Computer Services Statement of Owner's Equity For the month ended December 31, 2018 Bailey Capital, December 1, 2018 Bailey Capital, December 31, 2018 (5 pts) Bailey's Computer Services Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Prepaid Rent Office Supplies Total Current Assets Property, Plant, and Equipment Total Property, Plant, & Equip. Total Assets Liabilities Current Liabilities: Total Liabilities Owner's Equity Total Liabilities & O'Equity (10 pts)