MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows:

No.Account Debit Credit 101Cash$28,000 124Shop supplies 1,800 128Prepaid insurance 4,200 167Equipment 88,000 168Accumulated depreciation, equipment $7,500 201Accounts payable 19,000 210Wages payable 8,860 301Mike Yang, capital 140,000 302Mike Yang, withdrawals 36,000 401Repair revenue 157,630 612Depreciation expense, equipment 8,500 623Wages expense 104,500 637Insurance expense 1,900 640Rent expense 52,350 650Office supplies expense 4,800 690Utilities expense 2,940 Totals$332,990 $332,990

There were no investments by the owner during the year.

Prepare an income statement for the year ended December 31, 2023.

Prepare a statement of changes in equity for the year ended December 31, 2023

Prepare a balance sheet at December 31, 2023.