Chapter 4 Assignment 3 Skipped eBook Seved MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. Account Debit Credit 101 Cash $ 27,200 124 Shop supplies 1,400 128 Prepaid insurance 3,400 167 Equipment 84,000 168 Accumulated depreciation, equipment Accounts payable $ 6,700 201 18,200 210 Wages payable 8,060 301 Mike Yang, capital 132,000 302 Mike Yang, withdrawals 32,000 401 Repair revenue 150,430 612 Depreciation expense, equipment 7,700 623 Nages expense 103,700 637 Insurance expense 1,500 640 Rent expense 48,350 650 office supplies expense 4,000 690 Utilities expense 2,140 Totals $315,390 $315, 390 There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2020. eBook There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2020 MY AUTOBODY Income Statement For Year Ended December 31, 2020 Revenues Operating expenses Total operating expenses 3 Skipped eBook Prepare a statement of changes inequity for the year ended December 31, 2020 MY AUTOBODY Statement of Changes in Equity For Year Ended December 31, 2020 Mike Yang, capital, January 1 Mike Yang, capital, December 31 Assignment i Prepare a balance sheet at December 31, 2020 MY AUTOBODY Balance Sheet December 31, 2020 Assets Current assets Total current assets Property, plant and equipment Total assets Current labilities Total current liabilities Total liabilities and equity re to search Liabilities Equity O