Preparing Financial Statements from Adjusted Account Balances

Use the following year$-$end adjusted trial balance to answer questions $1-3.$

$\backslash$table$[[,,],[,$Debit,Credit$],[$Cash$,$$$3,050,],[$Accounts receivable,$400,],[$Prepaid insurance,$910,],[$Equipment$,217,200,],[$Accumulated depreciation$-$Equipment,,$ $29,100],[$Interest payable,,$4,480],[$Unearned revenue,,$460],[$Long$-$term notes payable,,$150,000],[$M$.$ Choi, Capital,,$40,340],[$M$.$ Choi, Withdrawals,$21,000,],[$Services revenue,,$57,500],[$Wages expense,$25,000,],[$Utilities expense,$1,900,],[$Insurance expense,$3,450,],[$Depreciation expense$-$Equipment,$5,970,],[$Interest expense,$3,000,],[$Totals$,$$$281,880,$$$281,880$