use information below to fill out attached balance sheets

Kim is an accountant for Jacqueline Daniels Kitchenry (JDK), a company owned by a celebrity chef. JDK has two main components: a service business, which provides high-end catering in the Manhattan area, and a merchandising business that sells cookware and cooking supplies nationwide. In her role, Kim must prepare separate statements for these two components of JDK. Kim is currently teaching Edward, her intern, about the company's accounts and how they are handled. Edward tells her that he is familiar with what a balance sheet is and how it's prepared, so she asks him a few questions to gauge his level of knowledge.

JDK purchases two new delivery trucks for its service business, each at a cost of $25,000. The company puts down $30,000 on the trucks and finances the remainder of the amount.

JDK's merchandising business purchases $200,000 worth of inventory over the course of the quarter. At the end of the quarter, it has sold $175,000 of it at a cost of $280,000.

Now, Kim and Edward are getting ready to prepare the balance sheet for JDK for the third quarter of the year. Because this business has two components, there will be two balance sheets. They start with the adjusted trial balances and the statements of owner's equity for the business's merchandising and service components.