Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2014, and a balance sheet at May 31, 2014.

Analysis Component: Prepare two different journal entries, including explanations, that might have created the May 31, 2014, balance in Utilities Expense of $1,400. Use May 31, 2014, as the date for your entries.

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Wildcat Opticians Trial Balance May 31, 2014 Acct. No. Account Title Debit Credit 10 Cash. 106 Accounts receivable o 124 Office suppliesn 128 Prepaid insurance. 163 Office equipmentn 201 Accounts payable..uo 230 Unearned service revenue 301 Bo Wildcat, capital.... 302 Bo Wildcat, withdrawals 403 Services revenue...cbaucco 623 Wages expense. 640 Rent expense 690 Utilities expense... n$18,500 8,480 6,400 9,820 25,600 5 1,600 7,800 56,300 . 1.480 25,280 5,000 4,300 1,400 $90,980 Total $90,980