The following financial information pertains to Omicron Builders Ltd. as of December 31, 2036:

• Service Revenue: $80,000
• Rent Expense: $10,000
• Salaries Expense: $30,000
• Office Supplies Expense: $1,000
• Equipment: $30,000
• Accounts Payable: $3,000
• Accounts Receivable: $5,000
• Cash: $20,000
• Notes Payable: $8,000
• Owner’s Equity: $15,000

Requirements:

1. Prepare a Trial Balance as of December 31, 2036.
2. Prepare an Income Statement for the year ended December 31, 2036.
3. Prepare a Statement of Owner’s Equity for the year ended December 31, 2036.
4. Prepare a Balance Sheet as of December 31, 2036.