Shah Company’s adjusted trial balance on December 31, 2014, contains the following accounts and balances: A. Shah, Capital, $8,600; A. Shah, Withdrawals, $350; Service Revenue, $2,600; Rent Expense, $400; Wages Expense, $900; Utilities Expense, $200; and Telephone Expense, $50. Prepare an income statement and statement of owner’s equity for the month of December.