ch4-3

can you assist me? it says that the question is incomplete but im not sure what is missing.

Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance December 31 Account Title Dobit Credit Cash $ 19,000 Prepaid insurance 1,200 Notes receivable (duo in 5 years) 5,400 Buildings 55,000 Accumulated depreciation-Buildings $ 19.000 Accounts payable 6,000 Notes payable (duo in 3 years) 6,500 L. Sierra, Capital 21,000 1. Sierra, withdrawala 4,500 Consulting revenue 44,500 Wages expense Depreciation expense-Buildings 5,500 Insurance exponse 2,200 Totals $ 97,000 $97.000 es 4,200 QS 4-16 (Algo) Preparing an income statement & statement of owner's equity LO C1 (1) Prepare an income statement for the year ended December 31, (2) Prepare a statement of owner's equity for the year ended December 31. The L. Sierra, Capital account balance was $21000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of owner's equity for the year ended December 31. The L. Sierra, Capital account balance was $21,000 on December 31 of the prior year, and there are no owner Investments during the current year SIERRA COMPANY Statement of Owner's Equity $ 21,000 L. Sierra, Capital, December 31 prior year Add: Investments by owner Add: Net income 0 32,600 53,600 (4.500) Lese: Withdrawals by owner L Sierra, Capital, December 31 current year $ 49,100 1 Required information Required 1 Required 2 Prepare an income statement for the year ended December 31. SIERRA COMPANY Income Statement For Year Ended December 31 +10 Revenues: Consulting revenue $ 44,500 $ 44,500 > Total revenues Expenses: Wages expense Depreciation expense-Buildings Insurance expense DI $ 4,200 5,500 2,200 Total expense 11.900 $ 32,600 Net income Required 2 >