E1-12 The following information relates to David Pande Co. for the year 2014. Owner's capital, January 1, 2014 $48,000 Advertising expense $ 1,800 Owner's drawings during 2014 6,000 Rent expense 10,400 Service revenue 63,600 Utilities expense 3,100 Salaries and wages expense 29,500 Alter analyzing the uata, prepare an income statement and an owner's equity statement the year ending December 31, 2014