Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Dr. cr. Dr. r. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 59,500 59,500 19,000 19,000 7,000 7,000 3,500 3,500 84,500 84,500 29,500 59,500 30,000 59,500 59,500 Balance Sheet Dr. Cr. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 Accumulated Depr.-Equip. Accounts Payable Wages Payable Daniel Austin, Capital Daniel Austin, Drawing Fees Earned Wages Expense Rent Expense Depreciation Expense 55,000 Net income 25,000 30,000 55,000 55,000 Prepare an income statement for the year ended December 31. Austin Enterprises Income Statement For the Year Ended December 31 Expenses: Total expenses Prepare the statement of owner's equity for the year ended December 31. Austin Enterprises Statement of Owner's Equity For the Year Ended December 31 Prepare the balance sheet for Austin Enterprises for the year ended December 31. Austin Enterprises Balance Sheet December 31 Assets Current assets: Total current assets Property, plant, and equipment: QUO II Total property, plant and equipment Total assets Liabilities Current liabilities: 00 Total liabilities Owner's Equity Total liabilities and owner's equity