1. Prepare Hometown Decor Company's income statement.

2. Prepare the statement of owner's equity

3. Prepare the balance sheet.

Could you please give some explantion in how to do this questions.

Presented here are the accounts of Hometown Decor Company for the year ended December 31, 2018 Requirements 1. Prepare Hometown Decor Company's income statement. 2. Prepare the statement of owner's equity 3. Prepare the balance sheet. (Click the icon to view the accounts.) Requirement 1. Prepare Hometown Decor Company's income s $ 28,000 14,000 800 17,000 170,400 2,800 17,000 1,700 6,800 $13,000 Owner contribution, 2018 Land Notes Payable Property lax Expense Hunt, Withdrawals Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Hunt, Capital, Dec. 31, 2017 33,000 Accounts Payable Total Assets 2,800 Accounts Receivable 36,000 Advertising Expense 14,000 Building 67,000 Cash Cash 1,300 Equipment 225,000 Insurance Expense Choose from any list or enter any number in the input fields 8,000 Interest Expense 56,000 parts remaining