Question 9 (10 marks) Olivia's Accounting Services provides accounting and tax services for small business clients in Vernon. The following year-end information is available for its first year of business. Olivia's Accounting Services Adjusted Trial Balance December 31, 2020 Account Cash Accounts Receivable Prepaid Insurance Land Building Accumulated Depreciation - Building Accounts Payable Unearned accounting fees Mortgage Payable Olivia Martin, capital Olivia Martin, withdrawals Accounting fees earned Depreciation expense - Building Interest expense Office supplies expense Salaries expense Insurance expense Utilities expense Total DR CR $ 15,000 10,000 6,700 160,000 170,500 $ 12,000 12,000 20,000 210,000 70,000 5,000 233,200 13,000 11,000 14,000 115,000 6,000 31,000 $ 557,200 $ 557,200 Additional Information: The principal amount due on the mortgage within one year is $15,000. REQUIRED: Prepare the following: a) a 2020 Income Statement (5 marks) b) a 2020 Statement of Changes in Equity (5 marks) Use the answer sheet on the following page: 20