Environmental Cleaning Task 4: After the adjusted trial balance is prepared, you HHEC tell Sophia that HHEC's financial statements for Year 1 can now be be prepared. You must use the adjusted trial HAPPY HOME balance to prepare HHEC's income statement, statement of owner's equity, and balance sheet. HHEC Adjusted Trial Balance December 31, Year 1 Cash 7,215) Accounts Receivable 2,700 Supplies 2,400 Preapid Insurance 2,300 Building 10,000 Accumulated Depreciation - Building 1,980 Office Equipment 1,800 Accumulated Depreciation - Office Equipment 50 Accounts Payable 1,850 Wages Payable 250 Unearned Revenue 360 Sisters, Capital 15,000 Sisters, Withdrawals 4,000 Clearning Revenues 19,160 Depreciation Expense - Office Equipment 50 Depreciation Expense - Building 1,980 Insurance Expense 100 Supplies Expense 400 Wages Expense 4,525 Utilities Expense 985 Miscellaneous Expense 195 Total 38,650 38,650 Answer: HHEC 360 15,000 19,160 38,650 Unearned Revenue Sisters, Capital 4,000 Sisters, Withdrawals Clearning Revenues 50 Depreciation Expense - Office Equipment Depreciation Expense - Building 1,980 Insurance Expense 100 Supplies Expense 400 Wages Expense 4,525 Utilities Expense 985 Miscellaneous Expense 195 Total 38,650 Answer: HHEC Income Statement For the Year ended December 31, Year 1 Net Income $ HHEC Statement of Owners' Equity For the Year ended December 31, Year 1 Total Owner's Equity, December 31, Year 1 $ HHEC Balance Sheet For the Year ended December 31, Year 1 Assets Total Assets Current Liabilities Total Liabilities and Owner's Equity