The following data of HASF Company is available with you. You are required to prepare the followings.

Particulars	Debit	Credit
CASH	100,000
INVENTORY	124,500
ACCOUNTS RECEIVABLES	12,000
SHORT TERM INVESTMENT	25,000
FURNITURE	100,000
BUILDING	500,000
UNEARNED REVENUE		27,000
ACCOUNTS PAYABLE		9,000
ACC.DEP.PLANT-FURNITURE		5,000
ACC.DEP.BUILDING		6,000
EQUITY		200,000
CONSULTANCY REVENUE		650,000
REPAIR EXPENSE	2,000
RENT EXPENSE	3,500
INSURANCE EXPSNES	1,000
OTHER GENERAL EXPNSE	1,200
UTILITY EXPENSE	6,000
SALARIES EXPENSE	10,000
INTEREST EXPENSE	800
DEPRECIATION EXPENSE	11,000
SALARIES PAYABLE		2,000
TOTAL	897,000	897000

Required

• Income Statement
• Statement of Owners Equity

Balance Sheet