Use the adjusted accounts for Stark Company from Exercise 3-16 to prepare the

(1) income statement

(2) statement of owner’s equity for the year ended December 31

(3) balance sheet at December 31. The Stark, Capital account balance was $24,800 on December 31 of the prior year, and there were no owner investments in the current year.

Data from Exercise 3-16

Stark Company has the following adjusted accounts with normal balances at its December 31 year-end. Prepare an adjusted trial balance for Stark Company at December 31.

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Notes payable.... Prepaid insurance Interest expense Accounts payable Wages payable Cash.... Wages expense Insurance expense Stark, Capital. Services revenue $11,000 2,500 500 1,500 400 10,000 7,500 1,800 24,800 20,000 Accumulated depreciation-Buildings...... Accounts receivable.. Utilities expense Interest payable Unearned revenue Supplies expense Buildings... Stark, Withdrawals... Depreciation expense-Buildings. Supplies....... $15,000 4,000 1,300 100 800 200 40,000 3,000 2,000 800