Atlantic Cruise Co. is owned by Irina Temelkova. The following information is an alphabetical listing of financial statement items for the company for the year ended May 31, 2014:

Instructions
Prepare an income statement and a statement of owner's equity for the year.

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Accounts payable Accounts receivable Advertising expense 8 Interest expense Investments by owner Maintenance expense 19,400 Notes payable 120,000 Prepaid insurance Food, fuel, and other expenses I. Temelkova, capital, June 1, 2013 I. Temelkova, drawings Insurance expense Salaries expense 5 Ticket revenue