Below is the Adjusted Trial Balance of Ed Noel Enterprise for the year ended December 31, 2019. Prepare the Income Statement(10 points), Balance Sheet(10 Points), and Statement of Changes in Equity of the company with proper financial statement format.

Debit Credit

Sales revenue $48,400.00

Sales returns and allowances $1,200.00

Sales discount 800.00

Cost of goods sold 31,600.00

Salaries and wages 6,400.00

Utilities expense 1,700.00

Advertising expense 1,600.00

Depreciation expense 1,500.00

Insurance expense 200.00

Interest expense 100.00

Taxes 100.00

Owners capital beginning 31,800.00

Additional capital 10,000.00

Owners drawings 10,900.00

Cash 6,600.00

Short-term investments 7,200.00

Accounts receivables 8,000.00

Inventory 3,000.00

Supplies 1,100.00

Prepayments 1,400.00

Land 6,000.00

Building 6,000.00

Plant and Machinery 9,000.00

Equipment 15,000.00

Accumulated depreciation 5,000.00

Intangibles 3,100.00

Accounts payable 9,600.00

Taxes payable 2,000.00

Salaries and wages payable 3,100.00

Unearned revenue 900.00

Interest payable 400.00

Mortgage payable 4,000.00

Bank Loans 6,000.00

Other Long-term -1,300.00

TOTAL $122,500.00 $122,500.00