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1) Based on the data below, complete an Income Statement, Statement of Owners Equity, and Balance Sheet for Doe Enterprises, a Consulting Firm (75 points):

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1) Based on the data below, complete an Income Statement, Statement of Owners Equity, and Balance Sheet for Doe Enterprises, a Consulting Firm (75 points): Ca = $225,000 Accounts Receivable = $175,000 Supplies = $75,000 Prepaid Insurance = $25,000 Equipment = $200,000 Doe, Drawing = $20,000 Rent Expense = $120,000 Wage Expense = $100,000 Utilities Expense = $30,000 Depreciation Expense - Equipment = $20,000 Advertising Expense = $10,000 Accounts Payable = $100,000 Consulting Fees = $480,000 Accumulated Depreciation - Equipment = $20,000 Doe, Capital = $400,000

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