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 Interest expense $ 23,000 3,700 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable $ 27,000 6,400 2,500 580 740 Accounts payable 7,500 Wages payable 1,600 Unearned revenue 1,400 Cash 34,000 Supplies expense 440 Wages expense 8,700 Buildings 160,000 Insurance expense 3,000 Stark, Withdrawals 9,000 Stark, Capital 96,800 Depreciation expense-Buildings 8,000 Services revenue 80,000 Supplies 1,400 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 $96,800 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 < Prev 2 of 2 Next