SCENARIO 1 Task 1 An Binh, a sole trader, owns An Binh Car Repairs - a small garage in Hanoi. The trial balance of An Binh Car Repairs on September 30, 2021 is as follows. An Binh Car Repairs Trial Balance September 30, 2021 $ $ Cash 13,000 Supplies 12,100 Prepaid insurance 6,000 Equipment Accumulated Depreciation Equipment 4,200 Account payable $6,500 An Binh's Capital 50,000 Service Revenue 76,000 Salaries and wages expenses 35,000 Depreciation expenses 4,200 Rent expenses 15,000 Utilities expenses 9,400 Total $136,700 $136,700 42,000 Prepare an income statement for the year ending September 30, 2021, and a statement of financial position as of September 30, 2021. Task 2 The trial balance of An Binh Car Repairs before adjustment on October 31, 2021, is as follows. An Binh Car Repairs Trial Balance October 31, 2021 $ S Cash 15,000 Supplies 12,100 Prepaid insurance 6,000 Equipment 42,000 Accumulated Depreciation Equipment 4,200 Account payable $12,000 An Binh's Capital 62,400 Service Revenue 8,500 Owner' withdrawals 10,000 Salaries and wages expenses 2,000 Total $87,100 $87,100 Other data: a) Insurance expires at the rate of $500 per month. b) A count on October 31 shows $11,300 of supplies on hand. c) The equipment has a 10-year life with no residual value. It is being depreciated at $350 per month d) Salaries of $2,500 were unpaid on October 31. e) A utility bill for $1,000 has not been recorded and will not be paid until next month. f) Invoices representing $2,100 of services performed during the month have not been recorded as of October 31. Make appropriate adjustments and produce an income statement for the month ending October 31, 2021, and a statement of financial position as of October 31, 2021