Following is the trial balance of Khalid business at the end of January 2018

Required:

1- Prepare the Income statement

2- prepare the statement of owner`s equity

3- Prepare the balance sheet

Dr Cr 53,500 100.000 Trial Balance Account Name Cash Capital Rent expense Water & Electricity expense Furniture Tools & equipment Automobiles Bank Loan Withdrawals Consultation revenue AR Total ? ? 8,000 9,000 35,000 25,000 7,000 6,000 4,000 14,000 135,000 135,000