Austin Enterprises was started by Daniel Austin. During the current year, Daniel Austin invested $8,000 in the business. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Income Balance Balance Statement Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 26,500 26,500 Accounts Receivable 7,000 7,000 Supplies 1,000 1,000 Equipment 18,500 18,500 Accumulated Depr.- 5,000 5,000 Equip. Accounts Payable 11,000 11,000 Wages Payable 1,000 1,000 Daniel Austin, Capital 8,000 8,000 Daniel Austin, Drawing 2,000 2,000 Fees Earned 59,500 59,500 Wages Expense 19,000 19,000 Rent Expense 7,000 7,000 Rent Expense 7,000 7,000 Depreciation Expense 3,500 3,500 84,500 84,500 29,500 59,500 55,000 25,000 Net Income 30,000 30,000 59,500 59500 55,000 55,000 Required: Based on the above end-of-period spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Austin Enterprises for the year ended December 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. You will not need to enter colons (:) on the financial statements. Be sure to complete the statement heading