NO. 101 Cash 124 Shop supplies 128 167 168 Prepaid insurance Equipment Account Accumulated depreciation, equipment 201 Accounts payable 218 wages payable 301 Mike Yang, capital 382 Mike Yang, withdrawals 401 Repair revenue 612 Depreciation expense, equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 690 Utilities expense Totals office supplies expense Debit Credit $ 28,000 1,800 4,288 88,000 $ 7,500 19,000 8,868 140,000 36,000 157,630 8,588 184,588 1,900 52,358 4,888 2,948 $332,998 $332,998 There were no Investments by the owner during the year. Prepare an income statement for the year ended December 31, 2020. Revenues: MY AUTOBODY Income statement For Year Ended December 31, 2020 Operating expenses: Total operating expenses Prepare a statement of changes in equity for the year ended December 31, 2020 MY AUTOBODY Statement of Changes in Equity For Year Ended December 31, 2020 Mike Yang, capital, January 1 Mike Yang, capital, December 31 Prepare a balance sheet at December 31, 2020. Current assets: Total current assets Property, plant and equipment: Total assets Current liabi Total current liables Total abilities and equity MY AUTOBODY Balance Sheet December 31, 2020 Assets Liabilities Equity