The trial balance of Hassan Used Auto Co on March 31 20w1 is as follows: ALLOM Tide Cash Accounts Receivable Automobile Inventory Accounts Payable Notes Payable Hassan, Owner's Equity Total Balance Dean 3 10,000 20,000 100,000 3,000 70.000 57.000 3 110.000 The Hassan business is only proprietorship, thus the equity account maybe used here is Hassan, Owner's Equity of Hassan, Capital Hassan rented operating space and equipment on a month-to-month basis. During April, the business had the following summarised transactions: Invested in an additional $20,000 cash in the business t. Collected $10,000 on accounts receivable Paid $2,000 on accounts payable. & Sold autos for 5120,000 cash. e Cost of autos sold was $70,000 Replenished Inventory for $60.000 cash. & Paid rent expense in cash 534000 A. Paid utilities in can $1,000 Pald selling expense in cash, $30,000 J. Paid interest expense in cash. 51.000 REQUIRED: 1 Journalice transactions and post the entries to the lediger. Rey the entries by transaction letter 2 Open the following accounts in the general ledger using the running balance format: cash, accounts receivable, automobile inventory, accounts payable, notes payable; Massan, owner's Equity, Sales, Cost of goods sold, rent expense, utilities expense, and interest expense. Enter the March 31 balances in the appropriate accounts and the transactions from 3 Since account numbers are not given, write check mark instead 4 Prepare the trial balance at April 30, 20x1 5 Prepare an income statement for April ignore income tanes