Kohl's Home Repair Trial Balance May 31, 20-- Debit Credit Balance Balance Account Cash 21,805 Accounts Receivable 2,700 Office Supplies 160 Prepaid Insurance 1,100 Equipment 8,200 Van 6,000 Accounts Payable 4,400 25,000 Wilhelm Kohl, Capital Wilhelm Kohl, Drawing 2,900 Service Fees 15,500 850 Rent Expense Wages Expense 800 230 Phone Expense Gas and Oil Expense 155 Totals 44,900 44,900 Change in owner's equity: $25,000 Wilhelm Kohl's original investment in the business + Net income for the month $13,465 - Owner's drawing 2,900 Increase (decrease) in capital 10,565 Ending owner's equity $35,565 Required: 1. Prepare an income statement for Kohl's Home Repair for the month ended May 31, 20- Kohl's Home Repair Income Statement For Month Ended May 31, 20-- Total expenses Kohl's Home Repair Statement of Owner's Equity For Month Ended May 31, 20-- Total investment 3. Prepare a balance sheet for Kohl's Home Repair as of May 31, 20-- Kohl's Home Repair Balance Sheet May 31, 20- Assets Liabilities Owner's Equity Total assets Total liabilities & owner's pauty