Presented here are the accounts of Pembroke Bookkeeping Company for the year ended December 31, 2024:

Requirements
1. Prepare Pembroke Bookkeeping Company’s income statement for the year ended December 31, 2024.
2. Prepare the statement of owner’s equity for the year ended December 31, 2024.
3. Prepare the balance sheet as of December 31, 2024.

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Land Notes Payable Property Tax Expense Pembroke, Withdrawals Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Pembroke, Capital, Dec. 31, 2023 $ 10,000 31,000 3,100 Owner contribution, 2024 $29,000 Accounts Payable Accounts Receivable 28,000 7,000 Building 64,000 Cash 800 192,000 12,000 51,000 Advertising Expense Equipment Insurance Expense Interest Expense 7,000 1,200 12,000 147,400 2,800 15,000 1,700 6,600