Based on the following trial balance for Sal's Beauty Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Sal made no additional investments in the company during the year. 
Definitions:
Miller-Orr Model
A financial model used for managing cash balances by setting upper and lower limits on cash reserves.
Upper Cash Limit
The maximum cash balance a company sets to hold on hand, beyond which excess funds are usually invested in short-term securities.
Lockbox Services
Banking services that process payments for companies by collecting and depositing checks into their accounts.
NPV
Net Present Value is a financial measure that computes the variance between the present value of cash inflows and outflows within a specific timeframe.
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