Determining account balances The following T accounts show transactions that were recorded by Residential Relocators, a firm that econd transaction with the letter (b), and so on. Determine the balance of each account. entris for tng rentals. The entries for the first transaction are labeled with the letter (a), the Equipment Cash (c) 40,000 (a) 95,000 (b) 23,000 (d) 15,000 (e) 350 1,500 (h) 5,500 () 2,500 Accounts Payable Accounts Receivable (r) 5,000 (g) 1,500 Supplies ) 40,000 Scott Hamilton, Capital (b) (e) 95,000 23,000 Fees Income Telephone Expense 350 (d) 15,000 () 5,000 Scott Hamilton, Drawing Salaries Expense (0) 2,500 5,500 Preparing a trial balance and an income statement. Using the account balances from Exercise 3.5, prepare a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 2019, and the income statement is for the month ended December 31, 2019. Preparing a statement of owner's equity and a balance sheet. From the trial balance and the net income or net loss determined in Exercise 3.6, prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31, 2019. Fees Income Telephone Expense (d) 15,000 ( 5,000 350 500 Scott Hamilton, Drawing Salaries Expense 2,500 0h) 5,500 Preparing a trial balance and an income statement. Using the account balances from Exercise 3.5, prepare a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 2019, and the income statement is for the month ended December 31, 2019. Preparing a statement of owner's equity and a balance sheet. From the trial balance and the net income or net loss determined in Exercise 3.6, of owner's equity and a balance sheet for Residential Relocators as of December 31, 2019. 6, prepare a statement