Given Problem: The following accounts were taken from the ledger of Perla Labandera Laundry Shop on March 31, 2017, after a quarter of business operations. Accounts Receivable ? 5,000 Notes payable 10,000 Salaries Expense 15,000 Cash 120,000 Prepaid Rent 20,000 Laundry Supplies 4,500 Depreciation-furniture 600 Perla. Drawing 10,000 Advertising Expense 5,500 Accumulated Depreciation-Laundry Equipment 7,500 Laundry Income 145,300 Laundry Equipment 75,000 Accounts Payable 2,800 Insurance Expense 2,500 Laundry supplies Expense 5,000 Rent Expense 30,000 Perla, Capital 150,000 Furniture 10,000 Allowance for doubtful Accounts 500 Depreciation -Laundry Equipment 2,500 Doubtful Accounts Expense 300 Accumulated Depreciation-furniture 1,800 Utilities Expense 12,000 Prepare a trial balance, arrange the accounts in sequence (Assets-current first followed by non-current, liabilities-current followed by long-term), capital, drawing, revenues, expenses). Arrange the expenses from highest to lowest amount..Given Problem: The following accounts were taken from the ledger of Perla Labandera Laundry Shop on March 31, 2017, after a quarter of business operations. Accounts Receivable ? 5,000 Notes payable 10,000 Salaries Expense 15,000 Cash 120,000 Prepaid Rent 20,000 Laundry Supplies 4,500 Depreciation-furniture 600 Perla. Drawing 10,000 Advertising Expense 5,500 Accumulated Depreciation-Laundry Equipment 7,500 Laundry Income 145,300 Laundry Equipment 75,000 Accounts Payable 2,800 Insurance Expense 2,500 Laundry supplies Expense 5,000 Rent Expense 30,000 Perla, Capital 150,000 Furniture 10,000 Allowance for doubtful Accounts 500 Depreciation -Laundry Equipment 2,500 Doubtful Accounts Expense 300 Accumulated Depreciation-furniture 1,800 Utilities Expense 12,000 2. Prepare an income statement. Perla Labandera Laundry Shop Income StatementAccumulated Depreciation-furniture 1,800 Utilities Expense 12,000 2. Prepare an income statement. Perla Labandera Laundry Shop Income Statement For the Quarter Ending March 31, 2017 Less: Total Expense Check