Prepare the company's Income Statement, Statement of Owner's Equity and Balance Sheet based on the following Adjusted Trial Balance:

JOHN SMITH, ATTORNEY AT LAW
ADJUSTED TRIAL BALANCE
12/31/2019
	db	cr
Cash	50,000
Accts Rec.	35,000
Supplies Inventory	5,000
Office Equip	80,000
Prepaid Insurance	20,000
Accts Payable		40,000
Fees Earned		300,000
Wages Expense	175,000
Rent Expense	25,000
Supplies Expense	5,000
Insurance Exp	15,000
Owners Equity		120,000
Owner's Draw	50,000
Totals	460,000	460,000
Owner's Equity 12/31/18		100,000