The completed worksheet for Cantu Corporation as of December 31, 2019, after the company had completed the first month of operation, appears below. Income Statement Debit Credit CANTU CORPORATION Worksheet Month Ended December 31, 2019 Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit 76,300 76,300 11,199 11, 100 8,300 5,109 3,200 9,000 1,500 7,500 107,500 107,500 2,150 11,180 11,100 107,180 107,100 6,300 6,300 117,100 117,109 5,100 5,180 1,500 1,500 2,150 2,150 15,900 15,900 980 900 235,300 235,300 8,750 8,750 237,450 237,450 Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation Equipment Accounts Payable Selena Cantu, Capital Selena Cantu, Drawing Fees Income Supplies Expense Advertising Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Totals Net Income Balance Sheet Debit Credit 76,389 11,180 3,209 7,500 107,500 2,15e 11,100 107,109 6,300 2,15e 117, 100 5, 100 1,500 2,150 15,909 900 25,550 91,550 117,100 117, 109 211,900 120, 35e 91,550 211,900 117,109 211,900 Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $3,000 instead of $1,500, what net income would have resulted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze Prepare an income statement. CANTU CORPORATION Income Statement Month Ended December 31, 2019 Revenue Expenses Total expenses Analyze: If the adjustment to Prepaid Advertising had been $3,000 instead of $1,500, what net income would have resulted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze Prepare a statement of owner's equity. The owner made no additional investments during the month. CANTU CORPORATION Statement of Owner's Equity Month Ended December 31, 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze Prepare a balance sheet. CANTU CORPORATION Balance Sheet December 31, 2019 Assets Total assets Liabilities and owner's equity Owner's equity Total liabilities and owner's equity Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $3,000 instead of $1,500, what net income would have resulted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze If the adjustment to Prepaid Advertising had been $3,000 instead of $1,500, what net income would have resulted? Net income