The following accounts are taken from the ledger balances of "T" Company Ltd. on 31st December, 2020- -Z" Company Ltd. Trial Balance 31st December, 2020 Debit (Ik.) 41,500 20,500 21.000 $1,000 25.000 Ancounts Title Cash Accounts receivable Accounts payable Capital Land Sales revenue Salaries Prepaid rent Utility expense Commission expense Supplies 30,200 12.000 4.000 1.000 3.000 1.000 7.800 Notes payable Drawings Goodwill Machinery Long term investment Bond payable Total 2.000 20,000 85.000 50,000 155.000 265.000 265.000 Required: (1) Prepare a single step income statement for the year ended December, 2020 Prepare an owners equity statement c) Calculate the amount of anly total asset (in a classified form) at 31 December, 2020