Question 1 110 Marks Elton Modern Hotel Trial balance May 31, 2018 Dr. Cr. Cash $2,500 1,900 Supplies Prepaid insurance Land 2,400 15,000 Building 70,000 16,800 Furniture Accounts payable $5,300 Unearned revenue 3,600 40,000 Long term loan payable Capital 56,000 Drawings 1,000 Service revenue 9,200 Advertising expenses 500 Salaries expenses 3,000 Utilities expenses 1,000 Total $114,100 $114, 100 Required: Prepare an Income Statement, Statement of Owner's Equity for the year ended May 31, 2018. Fill in the following Tables. Utilities expenses 3,000 1.00 Total 5114.100 $114, 100 Required: Prepare an Income Statement. Statement of Owner's Equity for the year ended May 31, 2018 in the following Tables Income Statement 15 marks Client Revenue Expenses: Advertising Salaries Utilities Rent Net Income Statement of Owner's equity 15 mars Capital Withdrawals Net income Owner's Equity 43(12pt) TTTT Paragraph Ariel %DOOEE fx Mashup IM THE