Chai Tea Company began operations on January 1, 2021 with an owner investment of $400.000 in exchange for Common 5 tock. During the year a dividend of $25,000 was declared and paid. After its first year of operations, Chai Tea had the following adjusted trial balance. Prepare (in good form) a single-step income statement, a statement of shareholders' equity, and a balance sheet. Chal Tea Company Adjusted Trial Balance At December 31, 2021 AccountCashAccountsReceivableSuppliesPrepaidRentEquipmentAccumulatedDepreciation-EquipmentAccountsPayableWagesPayableDebit$652,800118,0006,0004,50045,000Credit$3,0006,20062,000