Gas and Oil Taxes and licenses Total 5,000 2500 P.733.300 P733,300 ACTIVITY I - The following is the adjusted trial balance of Dr.. Perez for the period ending December 31, 2019. Prepare the income statement and statement of financial position of the business. DR. V. PEREZ Adjusted Trial Balance December 31, 2019 Accounts Debit Credit Cash P 35,000 Fees Receivable 16,500 Allowance for uncollectible fees P2,500 Prepaid Insurance 5,500 Medical Supplies on hand 9,800 Prepaid Rent 10,000 Medical equipment & instruments 180,000 Accumulated depreciation, medical equipment and instrument 18,000 Automobile 250,000 Accumulated depreciation, automobile 30,000 Furniture and fixtures 120,000 Accumulated depreciation, furniture And fixtures 8,000 Accounts payable 4,000 Dr. V. Perez, capital 500,000 Dr. V. Perez, drawing 10,000 Professional fees income 170,800 Attendant's salary 30,000 Rent Expense 27,000 Utilities expense 12,000 Car driver's wages 15,000 Repairs and maintenance 5,000