Question 1( 715 marks: 25 minutes) Using the accounts provided below, prepare an income statement, statement of changes in equity and balance sheet for the year ended December 31, 2020 for Cohen's Toy Repair Co. on the working paper provided. Accounts payable $16,000 Office furniture $14,000 Accounts receivable 7,250 Cohen, withdrawals 2,000 Cash 7,875 Advertising expense 10,500 Repair revenue 43,200 Wages expense 12,200 Notes payable 900 Maintenance expense 13,000 Cohen, Capital 6,725 *Note: The balance in the owner's capital account includes an investment made during the year of $2,000