This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2023, year-end:

		Debit				Credit
Accounts payable					$	43,200
Accounts receivable	$	17,900
Accumulated depreciation, automobiles						68,200
Accumulated depreciation, equipment						19,700
Advertising expense		8,200
Automobiles		132,000
Cash		10,200
Depreciation expense, automobiles		12,400
Depreciation expense, equipment		3,300
Equipment		61,000
Revenue						223,200
Interest income						150
Interest expense		2,700
Interest payable						75
Interest receivable		300
John Conroe, capital						22,200
John Conroe, withdrawals		18,200
Land		31,000
Long-term notes payable						107,000
Notes receivable (due in 90 days)		76,000
Office supplies		3,200
Office supplies expense		12,200
Repairs expense, automobiles		7,600
Salaries expense		75,425
Salaries payable						4,700
Unearned revenue						10,200
Wages expense		27,000
Totals	$	498,625			$	498,625

a. The income statement for the year ended December 31, 2023.

b. The statement of changes in equity for the year ended December 31, 2023, assuming that the owner made additional investments of $11,000 during the year.

c. The balance sheet as of December 31, 2023. (Be sure to list the assets and liabilities in order of their liquidity.)