This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2023, year-end: Debit Accounts payable Accounts receivable Accumulated depreciation, automobiles Credit $ 43,000 $ 17,700 3:14 d Accumulated depreciation, equipment Advertising expense Automobiles Cash Depreciation expense, automobiles Depreciation expense, equipment Equipment Revenue Interest income Interest expense Interest payable. Interest receivable 68,000 19,500 8,000 130,000 10,000 12,200 3,100 60,000 218,775 250 2,500 100 200 John Conroe, capital 22,000 John Conroe, withdrawals 18,000 Land 30,000 Long-term notes payable 105,000 Notes receivable (due in 90 days) 75,000 Office supplies 3,000 Office supplies expense 12,000 Repairs expense, automobiles 7,400 Salaries expense 75,225 Salaries payable Unearned revenue Wages expense Totals 4,500 10,000 26,800 $ 491,125 $ 491,125 Required: Use the information in the trial balance to prepare: a. The income statement for the vear ended December 31. 2023. < Prev 5 of 6 Next Required: Use the information in the trial balance to prepare: a. The income statement for the year ended December 31, 2023. Revenues: GALAVU ENTERTAINMENT Income Statement For Year Ended December 31, 2023 Total revenues Operating Expenses: $ 0 0 Total operating expenses 44 b. The statement of changes in equity for the year ended December 31, 2023, assuming that the owner made additional investments of $10,000 during the year. GALAVU ENTERTAINMENT Statement of Changes in Equity For Year Ended December 31, 2023 John Conroe, capital, January 1 Total John Conroe, capital, December 31 0 $ 0 0 c. The balance sheet as of December 31, 2023. (Be sure to list the assets and liabilities in order of their liquidity.) GALAVU ENTERTAINMENT Balance Sheet December 31, 2023 Assets Total Assets S 0 Liabilities Total Liabilities $ Total Liabilities Total Liabilities and Equity $ 0 Equity $ 0 Brau