Young' adjusted trial balance for the year ending December 31, 2020 appears below. Young Co. Adjusted Trial Balance December 31, 2020 Credit Debit $ 5,700 19,100 600 400 43,550 Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Equipment Accounts payable Unearned revenue Interest payable Bank loan payable (due July 1, 2022) Capital, Young Withdrawals Service revenue Salaries expense Supplies expense Depreciation expense Rent expense Interest expense $ 6,400 18,300 1,950 545 22,560 20,700 2,300 66,600 26,580 14,560 4,200 19,520 545 $ 137,055 $ 137.055 REQUIRED 1. Using the information from the adjusted trial balance, prepare the following: a. a single-step income statement; 10 marks b. a statement of changes in equity; 5 marks a classified statement of financial position; 5 marks c. 2. Prepare the closing journal entries; 10 marks