income statement, Owners Equity Statement and Balance Sheet

43) The adjusted trial balance for China Tea Company at December 31, 2016, is presented below: Debit Credit Cash 10,500 150,000 Accounts receivable Prepaid rent 5,000 Inventory 25,000 300,000 Equipment Accumulated depreciation- equipment 125,000 Accounts payable 30,000 Notes payable- due in three months Salaries payable 30,000 4,000 1,000 200,000 Interest payable Capital stock Retained earnings 50,000 400,000 Sales revenue 180,000 Costs of goods sold 120,000 Salaries expense 15,000 Rent expense 30,000 Depreciation expense 2,000 Interest expense 2,500 840,000 Advertising expense 840,000 Totals Prepare an income statement, Owner's Equity Statement and Balance Sheet for China Tea Company for the year ended December 31, 2016