New Age Computer Services Trial Balance December 31, 2018 Cash Accounts Receivable Inventory Furniture Bank Loan Payable Accounts Payable Notes Payable Wm. Grates, Capital Wm. Grates, Withdrawals Fee Revenue Earned Wages expense Travel Expense Office Expenses Rental Expense Telephone expense Vehicle expense K Using the above information: Debit 31 12,500IARY 116,000 www5,000 10,000 25,000 278,000 12,500 3,000 36,000 8,500 4.500 511.000 a) prepare an income statement for the year ended December 31, 2018. c) prepare a balance sheet as at December 31, 2018. Note: the owner made an investment of $4,000 during the year. Credit Lr ALES HORS TIL 25,000 12,000 6,500 47.500 b) prepare a statement of changes in owner's equity for the year ended December 31, 2018. 420,000 511,000