Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. The owner made no additional investments during the month. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Account Name } & \multicolumn{2}{|c|}{ Trial Balance } & WorkshEndedDeceAdjus & ex31,eents & 201Adjusted & \multirow{2}{*}{Credit1Balance} & \multirow{2}{*}{DebitIncome} & \multirow{2}{*}{StatementCredit} & \multirow{2}{*}{DebitBalance} & \multirow{2}{*}{CreditSheet} \\ \hline & Debit & Credit & Debit & Credit & Debit & & & & & \\ \hline & 77,800 & & & & 77,800 & & & & 77,80 & \\ \hline le & 12,600 & & & & 12,600 & & & & 12,600 & \\ \hline & 11,300 & & & 6,600 & 4,700 & & & & 4,700 & \\ \hline ing & 18, & & & 3,000 & 15,000 & & & & 15, & \\ \hline & 75, & & & & 75,000 & & & & 75,00 & \\ \hline eciation-Equipment & & & & 1,500 & & 1,500 & & & & 1,500 \\ \hline & & 12,6 & & & & 12,600 & & & & 12,600 \\ \hline Capital & & 108,600 & & & & 108,600 & & & & 108,600 \\ \hline rawing & 7,800 & & & & 7,800 & & & & 7,800 & \\ \hline & & 101,100 & & & & 101,100 & & 101,100 & & \\ \hline & & & 6,600 & & 6,600 & & 6,600 & & & \\ \hline ise & & & & & 3,0 & & 3,0 & & & \\ \hline ense-Equipment & & & 1,500 & & 1,500 & & 1,500 & & & \\ \hline & 17,4 & & & & 17,400 & & 17,400 & & & \\ \hline & 2,400 & & & & 2,400 & & 2,400 & & & \\ \hline & 222,300 & 222,300 & 11,100 & 11,100 & 223,800 & 223,800 & 30,900 & 101,100 & 192,900 & 122,700 \\ \hline & & & & & & & 70,200 & & & 70,200 \\ \hline & & & & & & & 101,100 & 101,100 & 192,900 & 192,900 \\ \hline \end{tabular} Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $6,000 instead of $3,000, what net income would have resulted? Prepare an income statement. Analyze: If the adjustment to Prepaid Advertising had been $6,000 instead of $3,000, what net income would have resulted? Complete this question by entering your answers in the tabs below. If the adjustment to Prepaid Advertising had been $6,000 instead of $3,000, what net income would have resulted? \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & Trial & MonthBalance & dedDeceAdjus & ber31,2ments & 201Adjusted & Trial Balance & Income & Statement \\ \hline Account Name & Debit & Credit & Debit & Credit & Debit & Credit & Debit & Credit \\ \hline Cash & 77,800 & & & & 77,800 & & & \\ \hline Accounts receivable & 12,600 & & & & 12,600 & & & \\ \hline Supplies & 11,300 & & & 6,600 & 4,700 & & & \\ \hline Prepaid advertising & 18, & & & 3,000 & 15,0 & & & \\ \hline Equipment & 75, & & & & 75, & & & \\ \hline Accumulated depreciation-Equipment & & & & 1,500 & & 1,500 & & \\ \hline Accounts payable & & 12,600 & & & & 12,600 & & \\ \hline Regina Montoya, Capital & & 108,600 & & & & 108,600 & & \\ \hline Regina Montoya, Drawing & 7,800 & & & & 7,800 & & & \\ \hline Fees income & & 101,100 & & & & 101,100 & & 101,10 \\ \hline Supplies expense & & & 6,600 & & 6,600 & & 6,600 & \\ \hline Advertising expense & & & 3, & & 3, & & & \\ \hline Depreciation expense-Equipment & & & 1,500 & & 1,500 & & 1,500 & \\ \hline Salaries expense & 17,400 & & & & 17,400 & & 17,400 & \\ \hline Utilities expense & 2,400 & & & & 2,400 & & 2,400 & \\ \hline Totals & 222,300 & 222,300 & 11,100 & 11,100 & 223,800 & 223,800 & 30,900 & 101,100 \\ \hline Net income & & & & & & & 70,200 & \\ \hline & & & & & & & 101,100 & 101,100 \\ \hline \end{tabular}