Pedroni Fuel Company is a small oil services company owned and operated by Ray Zorzi. On October $31,2019$ the end of the current year, Pedroni Company$$s accounting clerk prepared the following unadjusted trial balance

Pedroni Fuel Company

Unadjusted Trial Balance

October $31,2019$

Debit Credit

Cash $7,500$

Accounts Receivable $38,400$

Prepaid Insurance $7,200$

Supplies $1,980$

Land $112,500$

Building $300,250$

Accumulated Depreciation $$ Building $87,550$

Equipment $135,300$

Accumulated Depreciation $$ Equipment $97,950$

Accounts Payable $12,150$

Unearned Rent $6,750$

Ray Zorzi $$ Capital $371,000$

Ray Zorzi $$ Drawing $15,000$

Fee$$s Earned $324,600$

Salary & Wages Expense $193,370$

Utilities Expense $42,375$

Advertising Expense $22,800$

Repairs Expense $17,250$

Miscellaneous Expense $6,075$

Total $900,000900,000$

Year End Adjustment

Unexpired insurance at October $31=$ $$600$

Supplies on hand on October $31=$ $$675$

Depreciation of Building for the year $=$ $$12,000$

Unearned Rent on October $31=$ $$2,250$

Accrued Salary and Wages at October $31=$ $$2,800$

Fees earned but unbilled on October $31=$ $$10,050$

Directions: Prepare an Income Statement, Balance Sheet, and Statement of Owners Equity: