1.prepare income statement 2.Prepare owner's equity statement 3. Prepare balance sheet

FULL SCREEN PRINTER VERSION BACK Problem 1-9A Crane's Home Renovations was started in 2008 by Jim Crane. Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2017, and the revenues, expenses, and drawings for the year ended December 31, 2017: Accounts payable 57,690 Operating expenses $3,954 Accounts receivable 9,849 Prepaid insurance 1,734 Cash 9,041 Salaries expense 89.409 Equipment 28,955 Service revenue 158,555 Insurance expense 3,625 Supplies 753 Interest expense 1.119 Supplies expense 19,613 J. Crane, drawings 44.720 Unearned revenue 14.770 Notes payable 29,935 Vehicles 41.060 Jim's capital at the beginning of 2017 was $42,882. He made no investments during the year