The following is the adjusted trial balance for Baxter Company. $6,000 2,300 750 13,400 Baxter Company Adjusted Trial Balance December 31, 2020 Cash Accounts Receivable Prepaid expenses Equipment Accumulated depreciation Accounts payable Notes payable - Due on June 30, 2021 Baxter C., Capital Baxter C., Drawing Fees earned Wages expense Rent expense Utilities expense Depreciation expense Miscellaneous expense 1,300 1,600 5,600 12,000 1,000 6,000 1,450 900 400 225 75 $26,500 $26,500 co 'n Pauity Assume that the ca 526,500 $26.500 Prepare an Income Statement, Balance Sheet, and Statement of Owner's Equity Assume that the capital account started with beginning balance of $10,000 Hint: There were $2,000 ($12,000 adjusted trial balance capital balance - $10,000 beginning capital balance of contributions during the period Baxter Company Income Statement For the Year Ended December 31, 2020 Baxter Company Baxter Company Statement of Owner's Equity For the Year Ended December 31, 2020 monu/4806_18 could.107020_1&content 210004 1 Paswor Baxter Company Balance Sheet December 31, 2020 ASSETS Current assets: Total current assets Property, plant, & equipment: Total property, plant & equipment Total assets LIABILITIES Froperty, plant, & equipment: Total property, plant & equipment Total assets LIABILITIES Total liabilities OWNER'S EQUITY Total liabilities and owner's equity Click Save All Answers to save all answers