QUESTION - Preparation of a Balance Sheet You are provided with the following information for Little Store of Happiness for the year ending 30h June 2020. Trial Balance Debit Credit 450 36 000 15 000 31 200 90 200 22 000 1 780 6 200 49 600 156 500 2 500 Telephone Payable Motor Vehicle Prepaid Advertising (15 months) Accounts Receivable Loan Payable (5 years) Furniture Allowance for Doubtful Debts Accumulated Deprec. - Motor Vehicle Cash Equipment Loan Payable (9 months) Supplies Accumulated Depreciation - Furniture Inventory (30/6/20) Accounts Payable Capital (1/7/19) Drawings Profit (30/6/20) Interest Receivable Prepaid Rent (6 months) Accumulated Depreciation - Equipment Unearned Income Prepaid Insurance (15 months) Interest Payable Totals 2 040 8 300 34 600 12 700 133 160 8 500 50 400 3 000 3 700 56 600 3 100 5 000 1 750 367 140 367 140 Requirements: a. Prepare a Statement of Changes in Equity for the period ending 30th June 2020. b. Prepare a fully classified Balance Sheet as at 30th June 2020