The following information has been extracted from the trial balance worksheet of Motorize IT for its 3^rd

year of operation ended November 30, 2019.

Motorize IT
Adjusted Trial Balance
November 30, 2019
ACCOUNT	DEBIT	CREDIT
Cash	$ 11,000
Accumulated amortization printing press		10,600
Accounts receivable	11,770
Accounts payable		6,789
Supplies	6,110
Sales of Software - CDs		4,000
Prepaid insurance	1,500
Unearned consulting fees		2,897
Printing press	16,600
Amortization expense printing press	7,500
Prepaid rent	3,130
Patents (expire 2024)	7,000
Note Receivable, due November 29, 2020	11,000
John Datan, Capital		29,777
COGS Sold CDs	16,000
Note Payable, due December 31, 2019		20,000
Ad consulting fee revenue		86,000
Note Payable, due August 31, 2023		13,722
Wage expense	19,200
John Datan, Withdrawals	31,000
Insurance expense	4,775
Rent expense	21,500
Supplies expense	5,700
Total	$173,785	$173,875

Required:

prepare the following financial statements for Motorize IT for the year ended November 30, 2019

1. Income Statement
2. Statement of Owners Equity
3. Balance Sheet