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Practice Repairs account balances for the year ended December 31, 2022, follow: Balance Cash $ 4,000 Office supplies 1,300 Prepaid insurance 2,050 Equipment 15,000 Building

Practice Repairs account balances for the year ended December 31, 2022, follow: Balance Cash $ 4,000 Office supplies 1,300 Prepaid insurance 2,050 Equipment 15,000 Building 40,000 Accounts payable 10,000 Wages payable 600 Unearned service revenue 4,000 Capital 73,000 Withdrawals 16,000 Repair service revenue 50,950 Wages expense 37,500 Rent expense 10,600 Advertising Expense 5,000 Office supplies expense 3,600 Utilities expense 2,700 Insurance expense 800 Required: Based on the account balances listed above, complete the following: a. Income Statement b. Statement of Owner's Equity (Note: all owner investements were made during 2022) c. Balance Sheet

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