Below is the adjusted trial balance of Simranjit Kaur Cubic Storage at December 31, 2021:

Simranjit Kaur Cubic Storage

Adjusted Trial Balance

December 21, 2021

DEBIT CREDIT Cash 3,050 Accounts Receivable 400 Prepaid Insurance 830 Office Supplies 80 Office Equipment 4,200 Accumulated Depreciation Office Equipment 1,100 Buildings 98,000 Accumulated Depreciation Buildings 28,000 Land 115,000 Wages Payable 880 Property Taxes Payable 1,400 Interest Payable 2,200 Unearned Rent 460 Long-term Notes Payable 178,000 Simranjit Kaur, Capital 30,520 Simranjit Kaur, Withdrawals 21,000 Rent Earned 48,600 Wages Expense 28,880 Utilities Expense 1,900 Property Taxes Expense 2,400 Insurance Expense 800 Office Supplies Expense 250 Depreciation Expense Office Equipment 400 Depreciation Expense Building 5,570 Interest Expense 8,400____ __ $291,160 $291,160 _________ ________ Use the Adjusted Trial Balance to answer the following questions. a) Prepare an income statement for the year ended December 31, 2021. (8 Marks) b) Prepare a statement of changes in equity for the year ended December 31, 2021. Simranjit Kaurs capital account balance of $30,520 consists of a $20,520 balance on January 1, 2021, plus an additional $10,000 investment during 2021. (10 Marks) c) Prepare a balance sheet at December 31, 2021.