1. Prepare an income statement. Supplies expense Utilities expense Total expenses Net income Prepare a statement of owner's equity (no additional investments were made during the year). Prepare a balance sheet. Gorman Group Balance Sheet October 31,20Y3 net loss? Asceth Curreat assecs. Propevity plamk, and ravement: zotal absets Demors tivily Cietent axisties: tetent buaws Botal abistu penced spreadithet, part af eliech follows