Trial Balance and Financial Statements The following account balances, in alphabetical order, are from the general ledger of Morgan's Waterproofing Service at January 31. The firm began business on January 1. All accounts have normal balances. Accounts payable $3,900 Notes payable $9,000 Accounts receivable 31,500 Rent expense 2,550 Advertising expense 630 Salaries expense 12,000 Cash 15,600 Service fees earned 38,640 Common stock 44,610 Supplies 13,440 Dividends 4,500 Supplies expense 15,375 Interest expense 75 Utilities expense 480 Required a. Prepare a trial balance from the given data. b. Prepare an income statement for the month of January. C. Prepare a statement of stockholders' equity for the month of January. d. Prepare a balance sheet as of January 31. Note: Do not use negative signs with your answers, unless otherwise noted (such as Dividends). MORGAN'S WATERPROOFING SERVICE Trial Balance January 31 Debit Credit Cash $ 0 $ 0 0 0 0 0 Accounts Receivable Supplies Accounts Payable Notes Payable Common Stock 0 0 0 0 0 0 Dividends 0 0 Service Fees Earned 0 0 0 0 0 0 0 0 Advertising Expense Interest Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense 0 0 0 0 0 0 Totals $ 0 $ 0 0 MORGAN'SWATERPROOFING SERVICE Income Statement For the Month Ended January 31 Revenue Service Fees Earned $ Expenses Advertising Expense 0 Interest Expense 0 Rent Expense 0 Salaries Expense 0 Supplies Expense 0 Utilities Expense 0 Total Expenses Net Income $ 0 0 MORGAN'S WATERPROOFING SERVICE Statement of Stockholders' Equity For the Month Ended January 31 Common Stock Retained Earnings Total $ 0 $ 0 $ 0 Balance, January 1 Add: Stock Issued 0 0 0 Add: Net Income 0 0 0 0 0 0 Less: Dividends Paid(enter as negative) Balance, January 31 $ 0 $ 0 $ 0 MORGAN'S WATERPROOFING SERVICE Balance Sheet January 31 Liabilities Assets TA 0 Accounts Payable $ O 0 A 0 Supplies 0 Total Liabilities 0 Stockholders' Equity O 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ Total Assets $ O