Hipster Optical Trial Balance May 31, 2017 Acct. No Account Title Debit Credit 101 Cash 106 Accounts receivable 124 Office supplies 128 Prepaid insurance 163 Office equipment 201 Accounts payable 230 Unearned service revenue 301 Peeta Black, capital 302 Peeta Black, withdrawals 403 Services revenue 23 Wages expense 540 Rent expense 90 Utilities expense S 18,700 8,880 6,600 10,020 25,800 5 1.620 8,000 56,500 1,500 26,300 15,200 4,500 1,420 Totals 5 92,420 92,420 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2017, and a balance sheet at May 31, 2017 HIP STER OPTICAL Income Statement For Month Ended May 31, 2017 Revenues Operating expenses Total operating expenses