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 $54,000 and the owner invested another $29,000 cash in the company during the year. Challenger Construction Unadjusted Trial Balance September 30, 2020 Unadjusted Trial Balance Dr. Cr. $ 22,800 18,000 19,560 58,000 110,000 $ 41,300 6,800 8.900 e No. Account 101 Cash 126 Supplies 128 Prepaid insurance 149 Land not currently used in operations 167 Equipment 168 Accumulated depreciation Equipment 191 Copyright 201 Accounts payable 203 Interest payable 210 Wages payable 251 Long-tern notes payable 301 Chris Challenger, capital 302 Chris Challenger, withdrawals 401 Construction revenue 612 Depreciation expense, equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Business taxes expense 684 Repairs expense 690 Utilities expense Totals 58,000 83,000 72,000 258,480 e 96,800 1.100 e 27,200 we 12,000 5,820 8,600 $449,680 $449,680 Additional information: a. The inventory of supplies at the end of the year had a cost of $3,600 b. The cost of expired insurance for the year is $9.240. c. Annual depreciation of the equipment is $18.400 d. The September utilities expense was not included in the trial balance because the bill arrived after it was prepared. Its $830 amount needs to be recorded. e. The company's employees have earned $5,000 of accrued wages f. The interest expense of $110 for September has not yet been paid or recorded, 3-a. Prepare an income statement for the year September 30, 2020 CHALLENGER CONSTRUCTION Income Statement For Year Ended September 30, 2020 Revenues Operating expenses Total operating expenses 0 3-b. Prepare a statement of changes inequity for the year September 30 CHALLENGER CONSTRUCTION Statement of Changes in Equity For Year Ended September 30, 2020 Chris Challenger, capital. October 1 0 Total $ 0 3-c. Prepare a balance sheet for the year September 30, 2020. $20.000 of the long-term note payable is to be paid by September 30. 2021 CHALLENGER CONSTRUCTION Balance Sheet September 30, 2020 Assets Current ass $ 0 Total current Long-term investments Property, plant and equipment Intangible assets Totalsts $ 0 Liabilities Current $ 0 Total currentes Long-term lates Total bites 3 0 Equity Totalbites and it s ol