The following account balances are taken from the records of Zenith Solutions Limited at December 31, 2021 after its first year of operation:

• Accounts Payable: £1,200
• Accounts Receivable: £800
• Advertising Expense: £300
• Bank Loan: £700
• Cash: £150
• Share Capital: £250
• Commissions Expense: £500
• Equipment: £900
• Insurance Expense: £75
• Repair Revenue: £2,200
• Supplies Expense: £100
• Telephone Expense: £30
• Truck: £1,100
• Truck Operation Expense: £150
• Wages Expense: £500
• Wages Payable: £200

Required:

1. Prepare a Trial Balance at December 31, 2021.
2. Prepare an Income Statement for the year ended December 31, 2021.
3. Prepare a Statement of Changes in Equity for the year ended December 31, 2021.
4. Prepare a Balance Sheet at December 31, 2021.
5. Prepare a Statement of Cash Flows for the year ended December 31, 2021.