Demas Bus Charter Service Company in Queens, New York started operations tiOnT on August 1, 2012, the start of its fiscal year. On August 31, 2012, the accounting records of the business showed the following information:

REQUIRED: 

a. Prepare the Income Statement from the above data for the Demas Service Company as of August 31, 2012. 

b. Prepare the Statement of Owner's Equity for the Demas n Bus Charter Scryce Company as of August 31, 2012. 

c. Prepare th Balance Sheet for the Demas oln Bus Charter Service Company a 5. c' August 31, 2012

Equipment Accounts Receivable Service Revenue Ford Minivan Gasoline Expense Note Payable Utilities Expense Accounts Payable Demas, Drawing/Withdrawals Rent Expense Interest t Payable Cash Salary Expense Demas, Capital Supplies $17,000 2,600 28,000 103,000 6,500 40,000 1,900 77,500 4,100 4,500 2,300 5,000 1,900 51,000 2,300