UPDATED JT Cheater Car Company Adjusted Trial Balance September 30, 2025 $40,000 40.000 80.000 20,000 25,000 30,000 15,000 35,000 25,000 Cash Accounts receivable Vehicle Accumulated depreciation, vehicle Prepaid insurance Accounts payable HST payable Bank loan payable JT, capital JT, withdrawal Sales, sports model Sales, budget model Cost of goods sold Sales salaries Advertising expense Rent expense Utilities expense Administration wages expense Total 5,000 400,000 200,000 300,000 100,000 20,000 50,000 15,000 50,000 725.000 725.000 Required: Prepare Simple Balance Sheet and Income Statement for JT Cheater Car Company. Use $20,000 plus the profit as the balance of the JT, capital account on the balance sheet