Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance $13,000 2,700 Accumulated depreciation-Buildings Accounts receivable $17,000 4,400 Interest expense 540 Utilities expense 1,500 Accounts payable 2,500 Interest payable 180 Wages payable 600 Unearned revenue 900 Cash 14,000 Wages expense 7,700 Supplies expense Buildings 240 60,000 Insurance expense 2,000 Stark, Withdrawals 4,000 Stark, Capital 36,800 Depreciation expense-Buildings 3,000 Services revenue 30,000 Supplies 900 Prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31, and (3) balance sheet at December 31. The Stark, Capital account balance was $36,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Balance Sheet Owners Equity Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses < Income Statement Statement of Owners Equity > Complete this question by entering your answers in the tabs below. Income Statement Statement of Owners Equity Balance Sheet Prepare the statement of owner's equity for the year ended December 31. The Stark, Capital account balance was $36,800 on December 31 of the prior year. STARK COMPANY Statement of Owner's Equity For Year Ended December 31 Stark, Capital, Dec. 31 prior year end Stark, Capital, Dec. 31 current year end < Income Statement Balance Sheet > Complete this question by entering your answers in the tabs below. Income Statement Statement of Balance Sheet Owners Equity Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets Total assets Liabilities Total liabilities Equity Total liabilities and equity < Statement of Owners Equity Balance Sheet