Income Statement, Statement of Owner's Equity, and Balance Sheet Paulson's Pet Store completed the Adjusted Trial Balance for the year ended December 31, 20--. Owner's equity as of January 1, 20--, was $504,320. The current portion of Note Payable is $2,000. Paulson's Pet Store End-of-Period Spreadsheet (Partial) December 31, 20-- ADJUSTED TRIAL BALANCE ACCOUNT TITLE DEBIT CREDIT Cash 23,440.00 Accounts Receivable 9,360.00 Merchandise Inventory 64,800.00 Estimated Returns Inventory 1,200.00 Supplies 2,400.00 Prepaid Insurance 1,800.00 Land 90,000.00 Building 350,000.00 Accum. Depr.-Building 20,000.00 Store Equipment 120,000.00 Accum. Depr.-Store Equipment 3,600.00 Accounts Payable 9,560.00 Customer Refunds Payable 1,600.00 Wages Payable 1,200.00 Sales Tax Payable Note Payable 3,440.00 16,000.00