This unadjusted trial balance is for Challenger Construction at the end of its fiscal year, September 30, 2020 The beginning balance of the owner's capital account was $50,000 and the owner invested another $27,000 cash in the company during the year Challenger Construction Unadjusted Trial Balance September 30, 2020 Unadjusted Trial Balance NO. Rocount DE. CE: 101 Cash $ 22.400 126 Supplies 17,600 128 Prepaid Insurance 20.000 149 Land not currently used in operations 54.000 167 Equipment 105,000 168 Accumulated depreciation Equipment $10.900 191 Copyright 6, 400 201 Accounta payable 8,500 203 Interest payable 0 210 Wages payabie D 251 Long-term notew payable 54,000 303 Chris Challenger, capital 77,000 302 Chris Challenger, withdrawals 70,000 101 Construction revenue 257,200 622 Depreciation expense, equipment 0 23 Wages expense 36,500 633 Interest expense 1,300 637 Insurance expense 640 Rent expense 26,000 652 Supplies expense 0 623 Business Caxe expense 11,000 Dans 5176 THE ASVU 637 Insurance expenne 640 Rent expense 652 Supplies expense 683 Basiness taxes expense 654 Repairs expense 690 Utilities expense Totala 26, 800 0 11.000 5.420 3,200 $437, 600 $437.600 Additional information: a. The inventory of supplies at the end of the year had a cost of $3,400 b. The cost of expired insurance for the year is $8,820. c. Annual depreciation of the equipment is $18,000 d. The September utilities expense was not included in the trial balance because the bill arrived after it was prepared. Its $790 amount needs to be recorded e. The company's employees have earned $4,600 of accrued wages, 1. The interest expense of $130 for September has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for fiscal 2020, starting with the unadjusted trial balance and including the above additional facts: 3-a. Prepare an income statement for the year September 30, 2020. CHALLENGER CONSTRUCTION Income Statement For Year Ended September 30, 2020 Revenues: es Operating expenses