Question (Homework) Following is the trial balance of Zahid Company at the end of the accounting year at July 31, 2018 Land & Building Furniture Cash Accounts receivables Prepaid rent Salaries expense Insurance expense Depreciation expense Accumulated Depreciation - Furniture - Furniture Sales revenue Interest revenue Accounts payables Unearned service fees Loan (to be paid back in 5 years) Capital TOTAL Debit (AED) Credit (AED) 12.000 3,000 5,000 4,000 1,000 800 900 300 1.000 6.500 1.500 1 2.500 11,200 11.300 3.000 17,000 17,000 Instructions (a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year. (b) Prepare a classified balance sheet at July 31