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a. Photo Gallery works weddings and prom-type parties. The balance of Wood, Capital was $28,000 at December Prepare the following financial statements for Photo Gallery

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a. Photo Gallery works weddings and prom-type parties. The balance of Wood, Capital was $28,000 at December Prepare the following financial statements for Photo Gallery for the year ended December 31, 2018: 31, 2017. At December 31, 2018, the business's accounting records show these balances: Income statement (Click the icon to view the accounts.) b. Statement of owner's equity. Balance sheet. a. Prepare Photo Gallery's income statement. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) c. X Data Table Insurance Expense $ 11,000 Accounts Receivable $ 9.000 Cash 12,000 ? 44,000 Notes Payable 5,000 Wood, Capital, Dec 31, 2018 1,500 Salaries Expense 70,000 Equipment 9,000 Owner contribution Accounts Payable Advertising Expense Service Revenue Wood, Withdrawals 21,000 52,500 33,000

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