Required: Prepare the August 31, 2016, income statement, statement of changes in equity and the balance sheet for the company based on the balances in the T-accounts. Cash Accounts receivable Prepaid rent Office supplies inventory Equipment Vehicle Debit $ 9,275 10,000 5,000 3,000 Furniture Computer Accounts payable Loan payable Notes payable Unearned service revenue Share capital Service revenue Electricity expense Vehicle/travel expense Repairs expense Rent expense Salaries expense Interest expense Credit 1,000 30,000 3,000 2,500 $ 6,000 8,650 200 25 5,000 5,000 2,000 150 76 150 27,500 2,000 3,000 29,000 376 150