Below is the adjusted trial balance for Parsons Repair Service PARSONS REPAIR SERVICE Adjusted Trial Balance As at 31 December 2014 Debit Credit Accounts ash $16 ounts receivable repaid rent 2 40 80 20 14 00 Supplies Buildin $2 00 4 20 1 00 ccumulated depreciation ble ounts Salary payable nearned revenue 6 0 Parsons, capital 1 00 Parsons, drawings ervice revenue alary expense ent expense epreciation expense upplies expense otal 50 00 21 00 14 00 8 50 50 $64 0 $64 Please prepare the income statement and the statement of changes in equity for the year ended 31 December 2014 and a horizontal balance sheet as at 31 December 2014