Based on the adjusted trial halance shown below, prepare an income statconcol, statement of owner equity and classied balance sheet for Martin Watch Company using quality format and the forms provided in the following pages for die year ended (40 points) Martin Watch Company Adjusted Trial Balance December 31, 20120 Debit Credit Cash Accounts Reaaivable Prennid Insurance Office Supplies Building $18,000 30.000 9.000 3,2001 165.000 Accumulated Depreciation-Building 12.000 Equipment 88,000 Acc related Depreciation-quipment 8.500 Land 45,X Accounts Payable 12.000 Saleries Lavabie 2,000 Unearned Service Revenue 25.000 Long term Notes l'ayahie 100.000 Martin, Capital Mactin. Withdrawals 21.290 25,840 Service Revenu 325,000 Salaries Expense 63,000 Depreciation Expense Building 5,000 Depreciation Expense Equipment 1.250) Supplies Expense 15,000 Insurance Expean 14,500 Chilities Expense 23.000 Totals 5505.791 $505,700 I. From the informatico given, prepare a December luconic Statement (1 points).. III. From the informacion given, prepare a December Classified Belance Sheet (20 points). II. In the infourcation given prepare a December Statement of Owner's Iquiry (10 points).