ebook Show Melo Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 20YS, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $59,380 at May 1, 2014, the beginning of the year, and the owner withdrew $32,100 during the year. Accounts payable Accounts receivable Cash $20,820 111,470 225,010 781,300 6,070 101,180 Fees eamed Miscellaneous expense Rent expense Supplies Supplies expense Taxes expense Utilities expense Wages expense Required: 9,690 16,190 10,000 60,710 289,080 1. Prepare an income statement for the year ended April 30, 2015 Wilderness Travel Service Income Statement For the Year Ended April 30, 2015 Rent expense 101,180 Supplies 9,690 Supplies expense 16,190 10,000 Taxes expense Utilities expense 60,710 289,080 Wages expense Required: 1. Prepare an income statement for the year ended April 30, 2015. Wilderness Travel Service Income Statement For the Year Ended April 30, 2015 Fees earned S 781,300 Expenses: Accounts payable 6,070 Accounts receivable Supplies Supplies expense Taxes expense Total expenses Net income Check My Work 2. Prepare a statement of owner's equity for the year ended April 30, 20Y5. Wilderness Travel Service Statement of Owner's Equity For the Year Ended April 30, 2015 $ 3. Prepare a balance sheet as of April 30, 2015. When entering assets, enter them in order Wilderness Travel Service Balance Sheet April 30, 2015 Assets Total assets Liabilities 3. Prepare a balance sheet as of April 30, 20Y5. When entering assets, enter them in order of Wilderness Travel Service Balance Sheet April 30, 2015 Assets Total assets Liabilities Owner's Equity Total liabilities and owner's equity 4. What item appears on both the income statement and statement of owner's equity