3. Assume that your chosen organisation has made a small investment in Wilson Supplies Ltd. The following are the account and balances (in random order) for the year ended 31 March, 2021. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue 11,000 Accumulated depreciation - Office Equipment 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 7,500 Office Equipment 1,800 Dividends 10,000 Depreciation expense-Office Equipment 14,800 Supplies 20,000 $ 15,000 Use the information given above to show the effect of the transactions (a-e) on the accounting equation (Assets - Liabilities = Owners' Equity) and prepare the following adjusted financial statements: 4,000 1,300 A Statement of financial position (Balance Sheet) An income statement. 100 800 200 An extract of business transactions completed by Wilson Supplies Ltd in the first week during the month of April are as follows. 40,000 3,000 2,000 800 a. The company purchased an office equipment valued at $10,000 and a motor vehicle valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $140,000. b. The company purchased $2,000 of office supplies on credit. c. Credit sales to customers amounted to $20,000. The cost price for the supplies were $18,000. d. The company paid $635 cash for this month's utilities. e. The company paid a $2,800 cash dividend.