QUESTION THREE - FINANCIAL STATEMENTS - 25 MARKS The following is the trial balance for Stateside Trucking for its first month of operations ending on December 31, 2020. Credit Stateside Trucking Trial Balance December 31, 2020 Debit $ 41,050 7,500 800 450 24,200 1,050 Cash Accounts receivable Packing supplies Prepaid rent Truck Computer Accounts payable Salary payable Unearned revenue T. Thompson, Capital 1. Thompson, Withdrawal Delivery Fees earned Rent expense Salary expense Depreciation expense Utility expense Telephone expense Packing supplies expense $5,150 1,900 2,000 $66,000 500 17,500 3,300 5,300 1,950 900 850 4,700 Total $92,550 $92,550 * Owner invested $66,000 this year. Prepare an income statement for Stateside Trucking for the month ending December 31, 2020. 8 Marks. Prepare a statement of owner's equity for Stateside Trucking for the month ending December 31, 2020. 5 Marks. Prepare a balance sheet for Stateside Trucking at December 31, 2020. 12 Marks