Using the adjusted trial balance of Watson Technical Institute as at 31 December 2019, prepare the company's income statement, statement of changes in equity and its balance sheet as of December 31, 2019: Watson Technical Institute Adjusted Trial Balance December 31, 2019 Cash....... Accounts receivable. Teaching supplies Prepaid insurance Prepaid rent........... Professional library. Accumulated depreciation Professional library.. Equipment.......... Accumulated depreciation Equipment Accounts payable. Salaries payable Unearned training fees.. T. Watson, Capital T. Watson, Withdrawals Tuition fees earned... Training fees earned Depreciation expense-Professional library ...... Depreciation expense-Equipment. Salaries expense Insurance expense Rent expense Teaching supplies expense. Advertising expense Utilities expense Totale Debit Credit $ 26,000 7,500 2,600 12,000 0 30,000 $ 15.000 70,000 28,000 36,000 400 6,600 63,600 40,000 109,500 42,400 6,000 12,000 48,400 3,000 24,000 7,400 7,000 5.600 $301,500 $301.500