Presented below is a Trial Balance of Capiz Supermart for the year ended 31 Capiz Supermart Trial Balance December 31, 20B Debit Credit Cash In Bank P 480,000 Petty Cash Fund 1,000 Accounts Receivable 87,000 Est. Uncollectible Account P 2,000 Merchandise Inventory 190,000 Prepaid Rental 145,000 Unused Supplies 35,000 Furniture & Fixtures 120,000 Acc. Depreciation Delivery Equipment 450,000 24,000 ibns219M Acc. Depreciation 90,000 Accounts Payable 40,000 Co Matilde Perez, Capital 907,700 000 Matilde Perez, Drawing 30,000 No Sales 16 2,850,000 Sales Returns & Allow. 4,500 000 Purchases 1,985,000 Purchase Returns & Allow. 3,800 Freight In 12,000 Salaries and Wages 298,000 Taxes and Licenses 14,000 Utilities Expense 66,000 P 3,917,500 P 3,917,500 Total The following were ascertained at the end of the year. 1. 2. 3. 4. Merchandise Inventory on hand, P720,000. Of the prepaid rental of P145,000, P49,000 has actually expired. Actual supplies used, P5,000. Additional depreciation to be recorded for furniture & fixtures, P20,000 for delivery equipment, P30,000 5. Unpaid water and electric bills, P6,500 (Utilities Expense) Required: 290815 Income Statement for the year ended December 20B 1. An 8-column Worksheet 2. 3. Balance Sheet as of 31 December 20B 4. Statement of Change in Owner's Equity for the year ended December 31, 20B