Examples 1. Use the following Adjusted Trial Balance to prepare Income Statement and Balance Sheet for Choi Company Choi Company Adjunted Trial Balance December 31, 2015 De Cash $1.050 Accounts Receivable 400 Prepaid Insurance 830 Supplies Equipment 217.300 Accumulated Depreciation Equipment $29,100 Wages Payable Interest Payable Uneamed Long-term notes payable 150,000 M. Cha, Capital M. Choi Withdrawals 21,000 Rent camed 57.500 Wages Expense 25.000 1.900 Insurance Expense Supplies Expense Depreciation Expense Equipment 3.970 Interest expense 3.000 281.680281.850 2. Santo Company's adjusted TB on December 31, 2015, follows. Prepare an Income Statement, Statement of Owner's Equity and Balance Sheet Santo Company Adjusted TB December 31,2015 DR CR Store Supplies 5.140 Prepard Insurance 1.200 Equipment Accumulated Depreciation Equipment 8.000 Accounts Payable 1.500 Wages Payable Sante Capital 35.450 Sante, Withdrawal Repair fees eamed 54,700 Stores supplies Expense 1.300 Utilities expense Depreciation Expense-Equipment Wages Expense Insurance expense 00 Rent Expense 3.600 $102,550 $102550