Accounts Payable Accounts Receivable Cash B Bland Media Information: E $ 25,000 210,000 Rent Expense Supplies $ 75,000 9,000 146,000 Supplies Expense 12,000 Common Stock 35,000 Taxes Expense 10,000 Fees Earned 875,000 Utilities Expense 38,000 Miscellaneous Expense 15,000 Wage Expense 525,000 D The information for Bland Media Company at the end of the fiscal year, June 30, 20X8 are listed in this spreadsheet . Additional information: Capital were $145000 at May 1, 20X7, additional capital was $35,000 and dividends paid during the year were $40000. Instructions: 1) Prepare an Income Statement. Revenues Bland Media Company Income Statement For the Year Ended June 30, 20X8 Expenses Rent Expense 75000 Expenses Rent Expense 75000 Total Expenses Net Income 675000 -495000 2) Prepare a Statement of Owner's Equity [+]. Please use the link to enter into the statement. Enter any deductions as negative numbers. Bland Media Company Statement of Owner's Equity For the Year Ended June 30, 20X8 Capital Beginning Balance 145000 Additional Capital 35000 Deduct Dividends -40000 Add Net Income -495000 Ending Balance 3) Prepare a Balance Sheet. -355000 3) Prepare a Balance Sheet. Assets Bland Media Company Balance Sheet June 30, 20X8 Total Assets Liabilities Total Liabilities Owner's Equity X Owner's Equity Total Liabilities and Stockholder's Equity