Please prepare the income statement, Statement of shareholders equity, and balance sheet.

Adjusted Trial Balance December 31, 20X1 Credit $ Debit 275,080 18,440 1,150 8,640 1,920 34,500 6,900 2,910 582 3,850 963 1,090 2,320 Cash Accounts Receivable Office supplies on hand Kitchen supplies on hand Prepaid insurance Automobile Accumulated Depeciation- Automobile Computers Accumulated Depeciation - Computer Copier Accumulated Depeciation- Copier Accounts payable Taxes payable Professional services payable Common stock Additonal paid-in capital in excess of par value Dividens declared Sales Salary expense Rent expense Phone expense Office supplies expense Utillites expense Kitchen supplies expense Professional services expense Depreciation expense Insurance expense Dividens payable Total 920 77,000 223,300 10,780 133, 130 37,800 16,560 5,160 5,040 6,120 650 920 8,445 8,220 4,620 448,505 $ 448,505 $