190,500 Fees earned Chapter 1 - Problem 1 Nordic Travel Nordic Travel is owned by Ian Eisele. The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2019, the end of the year, and its revenue and expenses for the year follow. The capital of lan Eisele, owner, was $670,000 on January 1, 2019, the beginning of the year. During the year, Ian withdrew $42,000. lan asked you to prepare financial statements for him this year. Accounts payable $ 69,500 Rent expense $ 36,000 Accounts receivable 285,000 Supplies 5,500 Cash Supplies expense 4,100 912,500 Utilities expense 28.500 Land 544,000 Wages expense Miscellaneous expense 6400 Instructions 1. Prepare an income statement for the year ended December 31, 2019. (Check Figure: Net income: $327,500) 2. Prepare a statement of owner's equity for the year ended December 31, 2019. 3. Prepare a balance sheet as of December 31, 2019. 4. What item appears on both the statement of owner's equity and the balance sheet? 510,000 tv MacBook 000 65 F7