The following accounts were taken from the General Ledger of Kim's Law Office at the end of its first year of operations: Cash Accounts Receivable Office Supplies Office Equipment Office Furniture Service Vehicle Accounts Payable With Holding Tax Payable SSS Payable Philhealth, Payable Miape, Capital Miars, Withdrawals Professional Fees(Income) Salaries & Wages Rent Expense Advertising Expense Supplies Expense Light & Water Expense Gas & Oil Expense Repairs & Maintenance Telephone Expense Representation Expense Insurance Expense Taxes & Licenses 85,000.00 60,000.00 5,000.00 100,000.00 40,000.00 400,000.00 25,000.00 8,000.00 10,000.00 2,000.00 500,000.00 20,000.00 959,000.00 350,000.00 240,000.00 12,000.00 10,000.00 24,000.00 75,000.00 6,000.00 36,000.00 30,000.00 6,000.00 5,000.00 REQUIREMENTS: 1. Prepare the Trial Balance 2. Prepare Income Statement The following accounts were taken from the General Ledger of Kim's Law Office at the end of its first year of operations: Cash Accounts Receivable Office Supplies Office Equipment Office Furniture Service Vehicle Accounts Payable With Holding Tax Payable SSS Payable Philhealth Payable Miape, Capital Miare, Withdrawals Professional Fees Income) Salaries & Wages Rent Expense Advertising Expense Supplies Expense Light & Water Expense Gas & Oil Expense Repairs & Maintenance Telephone Expense Representation Expense Insurance Expense Taxes & Licenses 85,000.00 60,000.00 5,000.00 100,000.00 40,000.00 400,000.00 25,000.00 8,000.00 10,000.00 2,000.00 500,000.00 20,000.00 959,000.00 350,000.00 240,000.00 12,000.00 10,000.00 24,000.00 75,000.00 6,000.00 36,000.00 30,000.00 6,000.00 5,000.00 REQUIREMENTS: 1. Prepare the Statement of Changes in Equity 2. Prepare the Balance Sheet