PROBLEM 2-1 (L03) The following account balances are taken from the records of Fox Creek Service Limited at October 31, 2015 after its first year of operation: Accounts Payable $9.000 Insurance Expense $ 500 Accounts Receivable 6,000 Repair Revenue 19.000 Advertising Expense 2,200 Supplies Expense 800 Bank Loan 5,000. Telephone Expense 250 Cash 1,000 Truck 9,000 Share Capital 2,000 Truck Operation Commissions Expense 4300 Expense 1.250 Equipment 7,000 Wages Expense 4,000 Wages Payable 1.500 Required 1 Prepare a Trial Balance at October 31, 2015 2. Prepare an Income Statement and Statement of Changes in Equity for the year ended October 31, 2015 3 Prepare a Balance Sheet at October 31, 2015