The following financial information pertains to Delta Construction Ltd. as of December 31, 2027:

• Service Revenue: $75,000
• Rent Expense: $8,000
• Salaries Expense: $25,000
• Office Supplies Expense: $1,500
• Equipment: $25,000
• Accounts Payable: $3,500
• Accounts Receivable: $6,000
• Cash: $20,000
• Notes Payable: $7,500
• Owner’s Equity: $10,000

Requirements:

1. Prepare a Trial Balance as of December 31, 2027.
2. Prepare an Income Statement for the year ended December 31, 2027.
3. Prepare a Statement of Owner’s Equity for the year ended December 31, 2027.
4. Prepare a Balance Sheet as of December 31, 2027.