CP 4-3 Financial statements Assume that you recently accepted a position with Five Star National Bank 8: Trust as an assistant loan officer. As one of your first duties, you have been assigned the responsibility of evaluating a loan request for $300,000 from West Gate Auto Co., a small corporation. In support of the loan application, Joan Whalen, owner and sole stockholder, submitted a \"Statement of Accoun \" (trial balance) for the rst year of operations ended October 31, 2014. West Gate Auto Co. Statement of Accounts October 31, 2014 Cash ............................................................................. 5,000 Billings Due from Others ............................................. 40,000 Supplies (chemicals, etc.) ............................................ 7,500 Building ....................................................................... 222,300 Equipment .................................................................... 50,000 Amounts Owed to Others ............................................. 31,000