completed the first month of operation, appears below. CHAVARRIA CORPORATION Worksheet Month Ended December 31, 20X1 Adjusted Trial Balance Trial Balance Adjustments Account Name Debit Credit Debit Credit Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Cash 78,200 78,200 78,200 Accounts receivable 13,000 13,000 13,000 Supplies 12,100 7,000 5,100 5,100 Prepaid advertising 20,400 3,400 17,000 17,000 Equipment 85,000 85,000 85,000 Accumulated 1,700 1,700 1,700 depreciation-Equipment Accounts payable 13,000 13,000 13,000 Isabel Chavarria, 109,000 109,000 109,000 Capital Isabel Chavarria, 8,200 8,200 8,200 Drawing Fees income 115,500 115,500 115,500 Supplies expense 7,000 7,000 7,000 Advertising expense Depreciation expense- Equipment 3,400 3,400 3,400 1,700 1,700 1,700 Salaries expense 17,800 17,800 17,800 Utilities expense Totals 2,800 2,800 2,800 237,500 237,500 12,100 12,100 239,200 239,200 Net income 32,700 115,500 206,500 123,700 82,800 82,800 115,500 115,500 206,500 206,500 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.