Below is the year-end adjusted trial balance for Warren's Photo Studio. Warren's Photo Studio Trial balance December 31, 2020 Debit Credit $ 4,100 6,800 2,250 41,000 27,000 $ 14,600 69,400 58,000 47,000 8,900 Account Cash Current investments Supplies Note receivable, due May 01, 2022 Equipment Accumulated depreciation, equipment Building Accumulated depreciation, building Land Franchise Accounts payable Unearned professional revenue Long-term notes payable Warren Jones, Capital Warren Jones, Withdrawals Photography revenue Interest income Depreciation expense, building Depreciation expense, equipment Wages expense Interest expense Insurance expense Supplies expense Telephone expense Utilities expense Totals 5,000 1,300 64,000 31,000 1,500 86,342 240 4,000 3,000 34,000 2,400 2,850 1,800 842 3,640 $ 260,482 $ 260,482 This is Warren's first year of operations. Warren Jones invested in the business $15,000 cash early in the year. REQUIRED Prepare in a good form a. a single step income statement {10 marks}, b. a statement of changes in equity {3 marks), and c. a classified balance sheet {12 marks}