Accounts payable

$$10,000$

Wages expense

$$60,000$

Insurance expense

$500$

Advertising expense

$12,000$

Accounts receivable

$19,000$

Cash

$15,000$

Teresa, capital,

January $1,20$X$5$

$62,500$

Equipment

$25,000$

Land

$14,000$

Maintenance expense

$6,000$

Notes payable

$33,000$

Revenues

$130,000$

Building

$48,000$

In addition, Teresa withdrew $$36,000$ during the year for personal expenses.

$1.$

Using the above information, prepare an income statement.

$2.$

Using the above information, prepare a statement of owner's equity.

$3.$

Using the above information, prepare a balance sheet.