3:25 X GRADED Chapter 1 HW Accounting | Online (Spring 2022) BO Studio Photography works weddings and prom-type parties. The balance of Willis, Capital was $20,000 at December 31, 2023 At December 31, 2024, the business's accounting records show these balances: (Click the icon to view the accounts.) Read the requirements a. Prepare Studio Photography's income statement for the year ended December 31, 2024. (If a box is not used in the table leave the box empty; do not select a label or entera zero.) Net Income Sidings and prom-type parties. The balance of Willis, Capital was $20 000 at December 31, 2023. At Decen e balances accounts Data table $ Accounts Receivable $ 14.000 8.000 Insurance Expense Cash Accounts Payable Advertising Expense Service Revenue Willis Withdrawals 5.000 36,000 9,000 1.000 Notes Payable Wins, Capital, Dec 31 2024 Salaries Expense Equipment Owner contribution 115,000 17 000 30,000 78 000 29.000 Print Done e this Etext pages Get more help Clear all . 144 FS F6 F7 FB F9 FID FI Fia