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1. Prepare an income statement for company for the year ended December 31,2020 2. Prepare a statement of owners equity for company for the year

1. Prepare an income statement for company for the year ended December 31,2020
2. Prepare a statement of owners equity for company for the year ended december 31,2020. The owner invested $5,000 during the current year (cell D52) hint: you must calculate the beginning balance in the capital account
3. Prepare a balance sheet for company at December 31,2020
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Credit $5,000 700 10,400 3,100 26,700 Cash Accounts receivable Supplies Prepaid rent Store equipment Accounts payable Unearned services revenue Haley Anderson , Capital Haley Anderson, Withdrawals Services revenue Rental revenue Wages expense Supplies expense Miscellaneous expense Totals $6,900 3,700 33,500 900 6,500 1,000 2,100 1,700 1,000 Revenues Select from list Total revenues Expenses Total expenses Haley Anderson, Capital, January 1, 2020 Investment by owner 5,000 Subtotal Withdrawals by owner Haley Anderson, Capital, December 31, 2020 Assets Total assets Liabilities and Equity Liabilities Total liabilities Equity Total liabilities and equity

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