This alphabetized adjusted trial balance is for Galava Entertainment as or its December 31, 2020. year-end: Debit Credit S 44,000 $ 18,700 69.000 20.500 9,000 140,000 11,000 13.200 4,100 65.000 240.000 Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, equipment Advertising expense. Automobiles... Cash. Depreciation expense, automobiles Depreciation expense, equipment Equipment Revenue Interest income Interest expense Interest payable Interest receivable John Conroe, capital John Conroe, withdrawals Land Long-term notes payable Notes receivable (due in 90 days) Office supplies Orice supplies expense Repairs expense, automobiles Salaries expense Salaries payable Unearned revenue Wages expense Totals 150 3,500 75 300 23.000 19,000 35,000 115.000 80,000 4,000 13.000 8,400 76,225 5.500 11.000 27.800 $528.225 $528.225 Required Use the information in the trial balance to prepare: 1. The income statement for the year ended December 31, 2020. 2. The statement of changes in equity for the year ended December 31, 2020, assuming that the owner made additional investments of $15.000 during the year. 3. The balance sheet as of December 31, 2020 Analysis Component: The owner. John Conroe, is very pleased with the change in the business's financial position. Specifically, he noted that his equity increased. "My banker told me that as long as equity is increasing, my business is doing great." Comment