This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2020, year-end: Debit Credit 43,400 $ $ 18,100 68,400 19,900 8,400 134,000 10,400 12,600 3,500 62,000 227,275 200 2,900 Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, equipment Advertising expense Automobiles Cash Depreciation expense, automobiles Depreciation expense, equipment Equipme 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 Office supplies expense Repairs expense, automobiles Salaries expense Salaries payable Unearned revenue Wages expense Totals 50 400 22,400 18,400 32,000 109,000 77,000 3,400 12,400 7,800 75,625 4,900 10,600 27, 200 $ 506,125 $ 506,125 a. The income statement for the year ended December 31, 2020. GALAVU ENTERTAINMENT Income Statement For Year Ended December 31, 2020 Revenues Total revenues $ o Operating Expenses Total operating expenses O b. The statement of changes in equity for the year ended December 31, 2020, assuming that the owner made additional investments of $12,000 during the year. GALAVU ENTERTAINMENT Statement of Changes in Equity For Year Ended December 31, 2020 John Conroe, capital January 1 0 Total S 0 0 John Conroe capital December 31 c. The balance sheet as of December 31, 2020. (Be sure to list the assets and liabilities in order of their liqui GALAVU ENTERTAINMENT Balance Sheet December 31, 2020 Assets Total Assets S Liabilities Me Total Assets 0 Liabilities Total Liabilities S 0 Equity Total Liabilities and Equity s 0